Firstly let's congratulate everyone on @lensprotocol on a successful v2 migration 💜🌿🥳

With @lensprotocol v2 things are heating up 🔥 in Web3 Social.

JamFrens, currently live on organic social graphs like #Lens is here to share on why you should use #JamFrens over other #SocialFi Platforms.

🧵💜🌿👇

1/

#JamFrens is focused on the longer term perspective; rather than hype. We are looking at the possibilities we can do with our Social Capital in the future.

This is only made possible from BUIDLing on Decentralized Social Graphs such as #Lens & #Farcaster etc.

2/

If you believe in Social Capital, a value tied to your social identity, then relying on centralized platforms to act in your best interest when monetization comes into play is not ideal.

Your social capital is not safe in the hands of centralization, proven time and again.

3/

#Friendtech has shown us that users believe in some form of Social Capital, however, due to being based on a Centralized Social Graph, they will eventually come to a stalemate due to limitations of the utility they can BUIDL with the keys...

4/

... & forks trying to replicate a social network from scratch, rather than using organic social networks such as #Lens & #Farcaster are relying on hype to even be sustainable.

It is inorganic, due to the nature of incentivizing users to post for points/airdrops.

5/

We are open and transparent.

With your social capital connected to an actual social profile; verifiable on-chain, users can be sure that the “keys” that they are holding are actually owned, and are in total control by the social profile at all times.

6/

Additionally, any fees generated only can be claimed by the address where the profile is located at the point in time of the transaction.

It is trustless. Users on #JamFrens do not rely on any centralized mechanisms to distribute these fees/points/rewards.

7/

Since JamFrens keys are an ERC-721 token, our assets are not created “out of thin air” as compared to other SocialFi Platforms.

You are even able to trade these keys in the open market such as #opensea. Your social capital is in your control, even outside of #JamFrens.

8/

With tokenization & under the control of users, developers and applications can BUIDL different products alongside with #JamFrens to enhance keys' utility.

E.g. DeFi products could be introduced such as lending/borrowing, or even derivatives with keys as collateral + more.

9/

The only limitation is your imagination, and we encourage everyone who has innovative ideas to BUIDL alongside us, growing the whole ecosystem together!

10/

We are focused on creators, ensuring that they can continue producing content as per normal, and their audience can still support them monetarily through their posts on the feed.

This is only possible because #JamFrens is BUIDLing on Open Social Graphs.

11/

Creators do not have to feel the need to provide repetitive content in a room service, just because they feel obliged to their key holders.

Furthermore, if there is a demand for this utility, applications/developers could also build gated rooms with the keys easily.

12/

With plans to introduce customizability for creators in the future in terms of supply/pricing of keys, as well as gamification within #JamFrens itself, we are truly focused on supporting the Creator Economy on Decentralized Social Networks.

13/

With #JamFrens, we will let users visualize why we are BUIDLing on Web3 Social.

There are certain innovations and use cases only made possible in Web3 Social. We are here for the long term, as we truly believe in the happening of the mass adoption of Decentralized Socials.

Read More Here 👇

// mirror.xyz/0x354b39488506B3E931dEC20Ea64965f49587112B

// medium.com/@Jamfrens/jamfrens-vs-other-socialfi-platforms-a5f938d00121