🌌 Decentralized Social Media Mini-Series: Part 4 Galxe

GM, Web3Daily readers!

---
🌟 Glance at Today's Edition:
---

👋 Galxe is a web3 social network prioritizing community governance.

📜 Founded in March 2021 by Charles Wayn, Harry Zhang, Xinlu C.

🔑 Galxe introduces digital credentials reflecting achievements and interactions.

🌐 Galxe's Credential Data Network organizes and manages digital credentials.

🔖Galxe ID offers decentralized identity across blockchain networks.

🌍 Galxe Passport empowers users with control over personal data.

💰 GAL token is central to Galxe's ecosystem, influencing governance and transactions.

🧠 Admins, Guardians, and Path Finders play vital roles in community maintenance.

🚀 Pathfinders offer guidance in the complex web3 landscape.

🤝 Galxe has over 2,100 partners, executing 10,000+ campaigns.

👩 💻 Galxe supports developers through initiatives like "Shadowy Super Coder" NFT Pack.

💡 NFTs, campaigns, credentials, social interactions, and token rewards drive value.

🔀 Advantages and Risks of Galxe

---

🤔 Galxe – web3 social media focused only on communities?
---

👋 Galxe Intro

Welcome to the fourth installment of our Mini-Series about Decentralized Social Media. In this chapter, we're diving into a unique web3 social network that embraces a distinct approach—prioritizing community governance over emulating traditional web2 social media experiences. Say hello to Galxe, a platform that centers on empowering its users to shape the direction and dynamics of their communities.

As we've explored various facets of decentralized social media, Galxe emerges as a standout contender in the realm of web3 innovation. Unlike its counterparts, Galxe is not focused on merely replicating familiar social media experiences. Instead, it's built upon the principles of community governance, user empowerment, and value co-creation. This marks a significant departure from the typical web2 models, where centralized platforms dictate rules and priorities.

Galxe stands out as a hub for web3 vibrant communities, fostering connections and transforming how engagement is understood. It's more than just a place to post updates – it's a realm where individuals, creators, and projects converge to explore the endless possibilities of the Web3 universe.

In essence, Galxe's ecosystem isn't just a place for interaction; it's a catalyst for meaningful engagement that propels Web3 communities forward. It's about creating connections that go beyond the digital realm and lead to real-world impact. So, while other platforms might focus on likes, shares, and comments, Galxe's focus is on building relationships, fostering knowledge sharing, and driving collective progress through social NFTs and token as rewards for participation in communities from biggest companies dealing with web3.

Galxe rose to become a pioneer in the world of decentralized social media, setting the stage for a new era of online community engagement showing different approach than Lens Protocol or DeSo. Even though it’s built on already existent blockchain network like Lens it is available on many chains and hence shows not only a different approach in how it handles social interactions, but with the technological approach as well.

📜 Galxe Backstory

Galxe was founded in March of 2021 by Charles Wayn, Harry Zhang, Xinlu C.

It emerged as the brainchild of forward-thinking developers and blockchain enthusiasts, emerged against the backdrop of the evolving web3 landscape. As the shortcomings of traditional social media platforms became increasingly evident, a vision to revolutionize the concept of online communities began taking shape. The founders recognized that web2 social media models were often marred by centralization, data privacy concerns, and a lack of user agency in shaping the platforms they engaged with.

The seeds of Galxe were sown with a desire to create something different—a social network that harnessed the power of blockchain technology and decentralized principles to empower its users. The founders aimed to build a space where community members were not just participants, but active decision-makers. They envisioned a platform where individuals had control over their data, were rewarded for their contributions, and played a pivotal role in shaping the platform's rules and direction.

Drawing inspiration from the potential of web3 and the burgeoning ecosystem of blockchain technology, Galxe began to take shape. The team recognized the transformative potential of digital credentials that extended beyond traditional certifications, highlighting users' diverse achievements, contributions, and interactions. They also understood the significance of creating a token economy that transcended ownership and enabled active participation in the platform's evolution.

🔑 Introducing Digital Credentials

Imagine a digital landscape where your credentials are more than just facts and figures—they're a comprehensive reflection of your accomplishments. Galxe is at the forefront of presenting you with the concept of digital credentials that go far beyond simple data points. Envision it as a canvas where your on-chain credentials, on-chain voting history, and even your Web2 behavioral data come together to create a detailed portrait of your achievements. Forget about conventional algorithms; this is where the true transformative potential lies.

In this context, digital credentials encompass a wide array of achievements and activities that showcase your expertise, contributions, and engagement. They're a comprehensive record that highlights your journey and capabilities across different spheres, whether it's successful interactions in decentralized finance, active participation in on-chain voting, or even your contributions to open-source projects. Rather than being limited to traditional methods of validation, digital credentials in the Galxe ecosystem take into account the diverse aspects of your online presence and contributions.

Picture it this way: if traditional credential systems were simple checkboxes, Galxe's digital credentials are a multidimensional representation of your growth and involvement. As Web3 continues to evolve, the role of digital credentials becomes increasingly crucial in capturing the breadth and depth of your online identity. It's a testament to your accomplishments and active engagement, going beyond the superficial metrics often found in conventional platforms.

As we move towards a more interconnected and data-rich online world, the concept of digital credentials takes center stage. With Galxe leading the way, it's not just about proving what you've done, but about showcasing the meaningful impact you've had on various facets of the digital realm. So, while conventional platforms might rely on algorithms, Galxe is pioneering a new era where your digital credentials tell a comprehensive story of your online journey.

🌐 Galxe's Credential Data Network and Galxe ID

In the ever-evolving landscape of data management, Galxe steps in to address a persistent issue—scattered and fragmented data residing in closed databases. Enter the practical solution known as Galxe's Credential Data Network. Imagine it as a collaborative hub where the community joins forces to organize and manage digital credentials. These credentials, whether stored on-chain or off-chain, are now part of a seamless and open network, fostering a more cohesive digital ecosystem.

In this innovative network, individuals are no longer isolated data points but active contributors to a communal effort. By curating and organizing digital credentials, users play a pivotal role in enhancing the accessibility and credibility of the data. This collaborative approach serves multiple purposes: it benefits both individual users by providing a sense of ownership over their digital identity and the community at large by creating a reliable and consolidated source of information.

Let's delve into a fundamental aspect of Galxe—Galxe ID. Think of it as your digital passport, designed to provide you with a decentralized identity (DID) system that spans across various blockchain networks. The core idea is to empower you with control over your digital identity, ensuring that your achievements and credentials are securely and transparently displayed.

Picture it this way: Galxe ID functions like a personal profile that showcases your accomplishments and journey across multiple blockchain ecosystems. It's a tangible representation of your activities, accomplishments, and contributions, all within a secure and standardized framework. This digital passport is your gateway to managing and sharing your identity as you traverse the diverse landscape of the digital world.

And the best part? Galxe ID is already gaining traction with various projects, like Cyberconnect and Unipass, who recognize its value in providing users with a consistent and verifiable identity. This feature emphasizes transparency and empowers users to put their achievements and growth on display. It's about having a reliable tool that reflects your journey across different chains, contributing to a more interconnected and comprehensive digital identity ecosystem.

🌍 Galxe Passport

Imagine having a versatile tool that functions like a passport, tailored not just for international travel, but for navigating the intricate landscapes of Web3. That’s Galxe Passport—an innovative feature designed to empower users with control over their digital identities and data.

Think of Galxe Passport as a digital key that unlocks the potential of your online presence. It's more than just a basic identification—it's a mechanism for you to reclaim authority over your personal data. This tool ensures that your data is securely stored and treated with the utmost confidentiality. It's like having a secure vault where you hold the keys to your digital self, determining who has access to what information.

The concept revolves around the synergy of privacy and empowerment. With Galxe Passport, you're in the driver's seat when it comes to your personal information. It's a logical step towards navigating the complexities of the digital age while maintaining control and discretion. This feature reflects the contemporary demand for user-centric data management and underscores the importance of putting the power back into the hands of the individual.

💰 Understanding the Utility of the GAL Token

Now, let's delve into the GAL token—a fundamental element that goes beyond its token label. It serves as the central driving force within Galxe's ecosystem. This digital asset plays a pivotal role in multiple aspects, from influencing governance decisions to facilitating transactions. Think of the GAL token as the master key that opens doors to a range of opportunities you might not have previously considered.

The GAL token's significance extends beyond mere ownership—it's about active involvement in shaping the platform's evolution. By holding GAL tokens, you're not just a bystander; you're a participant in the platform's growth and development.

Not all is great though. The utilization of the GAL token within the Galxe ecosystem appears to be obscured by the prevalence of unconventional non-crypto tokens for assessing reputation. Instead of fully leveraging the GAL token's potential, the system seems to prioritize these alternative tokens, which might not align with the original purpose of a cryptocurrency-based ecosystem. Moreover, the prominence of these non-crypto tokens overshadows the importance of the GAL token's utilities, which are seemingly relegated to a secondary role in the user interface. This approach raises questions about the ecosystem's commitment to effectively utilizing its native token and integrating it more seamlessly into its governance and community-building mechanisms.

🧠 Galxe Brain and Community Roles

Within the Galxe ecosystem, a group of individuals forms the Galxe Brain, a collective dedicated to illuminating the path for the community's progress. These Galxe Brain members aren't merely appointed; they've earned their positions through their tireless commitment and authentic enthusiasm. Their role goes beyond just a title; it signifies a genuine investment in the community's advancement.

It's worth emphasizing that these roles are not given out casually. They are a result of a rigorous process and reflect a deep dedication to nurturing the community's growth. Furthermore, the flexibility of these roles cannot be overlooked. As circumstances evolve and the community landscape changes, the Galxe Brain members might adjust their roles to align with the shifting needs.

Yet, the Galxe ecosystem is richly diverse, with more roles playing vital parts. The Admin/Celestials, for instance, are central to maintaining order and harmony, ensuring the community's well-being. Guardians stand as protectors of the community's values, ensuring that the core principles are upheld. Meanwhile, Path Finders take on the crucial role of guiding and assisting, ensuring that newcomers are well-oriented in this complex digital universe.

In this way, the Galxe community thrives through a collective effort, where diverse roles interconnect to create a harmonious and vibrant environment. The Galxe Brain's role in providing guidance and leadership, alongside other community roles, fosters an ecosystem where growth is not just an aspiration but a shared journey.

🚀 Galxe Pathfinders

Navigating the intricate landscape of the web3 universe can often feel like a challenging endeavor. Galxe Pathfinders are here to serve as your trustworthy guides through this vast digital terrain. These exceptional community members have volunteered their time and expertise to help you navigate the complexities of the web3 world. Whether you're a newcomer seeking direction or an experienced explorer in need of insights, the Galxe Pathfinders are your go-to resource.

These Pathfinders are more than just knowledgeable—they're dedicated to fostering a sense of community and mutual support. They understand that the web3 ecosystem can be overwhelming for newcomers, and their primary goal is to make your journey as smooth as possible. By providing guidance, answering questions, and sharing their own experiences, these Pathfinders play a crucial role in helping you unlock the potential of Galxe's platform and the broader web3 universe.

If you're interested in becoming a Pathfinder yourself, it's important to understand the commitment involved. The role of a Pathfinder requires a deep understanding of the Galxe ecosystem, as well as a willingness to assist and engage with other community members. Pathfinders actively participate in discussions, offer insights, and provide support across various channels, helping to foster an environment of collaboration and learning.

So, whether you're a newcomer seeking guidance or an experienced explorer looking to give back, the Galxe Pathfinders are ready to guide you on your journey through the exciting world of web3. Embrace the support, insights, and connections that this vibrant community of Pathfinders can offer as you navigate the complexities and opportunities of the digital age.

🌐 Galxe Ecosystem Space

Envision a digital realm where the avenues of connection, collaboration, and exploration converge, offering a gateway to the boundless opportunities of the web3 universe. And in this domain, the Galxe Ecosystem Space emerges as more than a mere platform—it's your exclusive enclave to immerse yourself in the multifaceted landscape of web3 technologies. Within this space, you're empowered to interact with fellow digital travelers, uncover uncharted territories, and engage with like-minded communities. Step into a realm that holds the promise of growth and connections, providing a gateway to the countless possibilities of the digital age.

🤝 Partnerships’ Strength

Galxe stands as a hub for a substantial network of over 2,100 partners and has facilitated the execution of more than 10,000 campaigns. This dynamic environment converges growth, awareness, engagement, and education in a harmonious manner. Galxe doesn't remain passive; it's a proactive participant in shaping the thriving web3 ecosystem. Their campaigns aren't merely about surface-level aesthetics; they serve as catalysts for adoption, education, and engagement that echo throughout the digital domain in many different crypto projects. Galxe's contributions span from fostering the expansion of Optimism and other web3 endeavors to sparking curiosity and enthusiasm. In redefining the dynamics of engagement, Galxe is setting new benchmarks for effective participation.

👩 💻 Developers Recognition and Reward

Galxe stands as a supporter of the development community, showcasing its commitment to nurturing the web3 landscape in practical ways. As a demonstration of this support, they introduced the "Shadowy Super Coder" NFT Pack Campaign—a project designed to spotlight the valuable contributions of developers to the web3 domain.

Rather than extravagant fanfare, this initiative is a pragmatic step toward acknowledging the significant role that developers play in driving innovation behind the scenes. The "Shadowy Super Coder" NFT Pack encapsulates the essence of their dedication and creative energy, a symbol of the hard work invested in shaping the digital realm.

However, recognition isn't their sole objective. Through collaborations with partners, we're working to establish a reward system that truly honors the tireless efforts of blockchain developers. This initiative acknowledges their role in shaping the trajectory of the entire ecosystem. It's a way of demonstrating gratitude for their pivotal contributions. This showcases the project’s attitude towards their contributors and underlines how important community management is for them, which is a big plus.

💡 Summary of Value Generation in Galxe Ecosystem

Let's delve into the mechanics that drive this process behind Galxe’s value generation. It's not about magic, but a thoughtful interplay of key components: NFTs, campaigns, credentials, social interactions, and token rewards.

NFTs, or non-fungible tokens, form the foundation of this ecosystem. These unique digital assets hold value and significance within the community. They represent ownership of digital content and enable creators to be rewarded for their contributions. They are being shown on your Galxe ID and stand as a proof of your previous contributions.

Campaigns play a pivotal role in engaging the community. They serve as platforms for interaction, education, and adoption. Through campaigns, ideas are shared, discussions unfold, and participants are rewarded for their involvement.

Credentials are the building blocks of reputation within Galxe. These on-chain and off-chain records reflect the journey and contributions of community members. They provide a holistic view of achievements, shaping how individuals are perceived and recognized.

Social interactions are the heart of any community. They foster connections, facilitate knowledge exchange, and create a sense of belonging. Galxe's platform encourages meaningful interactions, contributing to the vibrant ecosystem. Option to follow other accounts and engage in community’s conversation are present on the platform.

Token rewards complete the loop by incentivizing participation and engagement. These rewards, typically in the form of tokens, acknowledge and appreciate the efforts of community members, encouraging ongoing involvement.

🔀 Advantages and Risks: Galxe

👍 Advantages of Galxe:

Community Governance Focus: Galxe places strong emphasis on community-driven governance, allowing users to actively participate in shaping the platform's direction and decisions.
Diverse Roles: The ecosystem offers various roles such as Galxe Brain members, Admin/Celestials, Guardians, and Path Finders, fostering a collaborative and vibrant environment.
Collaborative Partnerships: Galxe has established collaborations with notable projects like Optimism, Polygon, and Arbitrum, contributing to a network of growth and innovation.
Digital Credentials: The concept of digital credentials provides a comprehensive view of users' achievements, promoting transparency and trust within the ecosystem. The Galxe Passport enhances control over personal data, ensuring data security and allowing users to navigate the web3 world with greater privacy.
GAL Token: As the ecosystem's native token, GAL holds utility in governance decisions, transactions, and rewards, fostering an active and engaged community.
Reward-Based Engagement: Galxe introduces unique engagement features such as NFT rewards, airdrops, and engagement campaigns, encouraging user participation and contributions.

⚠️ Risks of Galxe:

Complexity: The multitude of roles and features might create complexity for new users to understand and navigate the ecosystem.
Token Utility Visibility: The full utility of GAL tokens might not be immediately apparent to users, potentially leading to underutilization.
Token Volatility: The value of GAL tokens in the market could experience significant fluctuations, affecting the perceived value of rewards and transactions.
Community Dynamics: The diverse roles within the community could lead to conflicts or disagreements, affecting the overall harmony and effectiveness of the ecosystem.
Incentive Structure: The effectiveness of reward mechanisms and incentive structures in maintaining user engagement and motivation might need constant monitoring and adjustment.
Dependence on Ecosystem Partners: Galxe's dependence on ecosystem partners for community management introduces a potential challenge of inconsistent user experiences. Due to the diverse community management practices of these partners, the platform may lack a standardized user interface and features. This situation could result in user confusion and subsequently impact the overall user experience. Furthermore, if these partners were to decide to transition away from Galxe and develop their independent solutions, there are limited incentives for users to remain exclusively on Galxe's platform. This lack of strong incentives could facilitate a relatively seamless transition from Galxe to a partner's platform, further highlighting the potential vulnerability of Galxe's user retention strategy.

---
🌟 Conclusion
---

Galxe emerges as a unique player in the realm of web3 social networks, setting its focus squarely on community governance rather than replicating conventional Web2 social experiences. Its commitment to embracing decentralized decision-making and engagement offers a refreshing perspective on the future of online interactions.

While Galxe's emphasis on partnerships, case studies, and collaborations presents a promising avenue for growth, it should also address the challenge of fostering a standardized user experience due to its reliance on various ecosystem partners. This potential inconsistency could impact user satisfaction and adoption rates, especially if partners opt to develop their independent solutions.

---

🔍 Action Items and Next Steps
---

1️⃣ Discover Digital Credentials: Dive into Galxe's digital credentials concept. Understand how these comprehensive records reflect your journey and contributions across different areas. Explore how these credentials shape your online identity beyond traditional methods of validation.

2️⃣ Engage in Community Discussions: Join Galxe's vibrant communities and discussions within the Galxe Ecosystem Space. Connect with fellow digital travelers, exchange ideas, and discover uncharted territories. Participate actively to foster meaningful connections and stay informed about the latest developments.

3️⃣ Explore Galxe Passport: Embrace the Galxe Passport feature. Take control of your digital identity and personal data. Understand how this innovative tool enhances your online presence, ensuring that your data is secure while allowing you to navigate the web3 world with confidence.

4️⃣ Navigate Web3 with Pathfinders: If you're new to the web3 universe, seek guidance from Galxe Pathfinders. These dedicated community members are here to assist you on your journey. Reach out to them for insights, advice, and support as you explore the complexities of the digital landscape.

5️⃣ Engage in Campaigns: Explore and engage with Galxe's campaigns. These platforms offer opportunities for interaction, education, and adoption. Participate actively to contribute to discussions, share ideas, and earn rewards for your involvement.

6️⃣ Understand Token Utility: Delve into the utility of the GAL token within Galxe's ecosystem. Discover how it influences governance decisions, facilitates transactions, and drives rewards. Gain insight into the central role the GAL token plays in shaping the platform's growth and development.

7️⃣ Stay Informed: Regularly stay updated on Galxe's partnerships, collaborations, and initiatives. Follow the platform's social media channels, community discussions, and official announcements to remain informed about the latest news and opportunities within the ecosystem.

8️⃣ Recognize Developer Contributions: Appreciate the crucial role developers play in shaping the web3 landscape. Learn about the "Shadowy Super Coder" NFT Pack Campaign and its significance in recognizing and rewarding developers' efforts. Support initiatives that value innovation and progress.

---

🗣️ Join the Conversation!
---

I am eager to hear your thoughts, insights, and experiences regarding this pressing issue. Let's engage in a vibrant discussion together! In addition to publishing this edition of the newsletter, I have also created a LinkedIn post where we can all discuss the developments and news covered in this edition. If you are eager to join the conversation, don't be shy! Feel free to check out my LinkedIn profile and comment on the post:

Let's connect on LinkedIn!

 

Web3Daily now has a few additional social media accounts. Follow and engage in a more casual style on these platforms:

Follow me on Twitter!

Follow me on Medium!

Follow me on Mirror!

Follow me on Mastodon!

Follow me on Lenster!

Follow me Diamond!

---
📣 Share the Knowledge!
---

Don't forget to share this newsletter with your crypto-savvy friends and colleagues. The more, the merrier! Let's build a community that stays informed, connected, and excited about the ever-evolving world of web3.

Thanks for being part of the Web3Daily family! Together, we'll navigate the exciting world of crypto and blockchain, one news byte at a time.

To stay connected and receive daily updates, make sure to connect with me on LinkedIn! Let's continue our journey to unlock the mysteries of web3 and embrace the future, hand in hand.

 

See you on the other side of the blockchain!

Wiktor Grzyb

Founder & Editor, Web3Daily

🌱 Decentralized Social Media Mini-Series: Part 2 Lens Protocol

GM, Web3Daily readers!

---

🌟 Glance at Today's Edition:

🌱 Lens Protocol Introduction

📜 The Backstory of Lens Protocol

💡 Overview: The Advantages of Lens Protocol

🔒 Taking Control: How to Access Lens Protocol

🌐 Web3 vs. Web2 Social Media

🤝 Lensverse – an ecosystem full of different projects

🛠️ Developer's Paradise: Support and Modules

🔧 Modular Magic - Lens Protocol's Modules

🌟 Advantages and Risks of the Lens Protocol

---

🤔 Lens Protocol –social media built on top of current blockchains

🌱 Lens Protocol Intro

In part 1 of this mini-series we touched upon a social media Mastodon that even though was decentralized, wasn’t built on top of any blockchain. It’s only natural to explain next how a Web3 social media could look like, if it was built on top of one.

Lens Protocol is a decentralized Web3 social graph on the Polygon blockchain. It empowers users with full ownership, control, and customization of their social interactions. With modularity and interoperability, developers can seamlessly integrate applications. Lens Protocol redefines social media, emphasizing decentralization and user autonomy.

📜 The Backstory of Lens Protocol

The backstory of Lens Protocol is rooted in the growing need for a more user-centric, decentralized, and fair social media platform. It emerged in response to the limitations and concerns associated with traditional Web2 social networks like Facebook, Instagram, Twitter, YouTube, and TikTok.

In the early days of social media, these platforms gained massive popularity as they connected people from around the world, allowing them to share thoughts, ideas, and experiences. However, as they grew, concerns about user data privacy, content ownership, and platform control started to surface.

Web2 networks became centralized entities with full control over users' data and connections. Users had little say in how their data was used, and algorithms often prioritized content based on profit-driven motives rather than user interests. Creators, too, faced challenges as their content and followers were tied to the platform, making it difficult to move or monetize their work independently.

As the negative impact of these issues became more apparent, the idea of Web3 and decentralized technologies gained traction. Web3 promised a more open, transparent, and user-owned internet, with blockchain technology at its core.

Enter Lens Protocol—an innovative Web3 social graph built on the Polygon Proof-of-Stake blockchain. Its primary goal was to empower users and creators, giving them full control over their social connections and content. By leveraging the power of blockchain and NFTs (ERC721 tokens), Lens Protocol offered a decentralized and modular approach to social media.

The Lens Protocol team recognized the importance of portability, allowing users to bring their data to any application built on the platform. This addressed the fear of losing one's audience and livelihood due to platform policies or algorithm changes, offering creators greater freedom and independence.

With Lens Protocol, content creators finally had a platform where they could truly own and monetize their content. The introduction of Collect Modules allowed them to define rules for minting NFTs, offering new opportunities for monetization and engagement with their audience.

Moreover, Lens Protocol prioritized inclusivity and collaboration. It welcomed developers to build applications on its platform, fostering a vibrant ecosystem where everyone's contributions mattered. The protocol's governance transitioned into a decentralized autonomous organization (DAO), enabling the community to actively participate in decision-making processes.

Through a series of tutorials, resources, and community engagement, Lens Protocol sought to guide developers and users in navigating the world of Web3 and blockchain technology. It emphasized the importance of community feedback and contributions, with grants and partnership opportunities available for those who wanted to contribute to its growth.

The backstory of Lens Protocol is one of evolution—a response to the limitations of Web2 networks and an ambitious step towards a more user-centric, open, and fair social media landscape. As the platform continues to develop and adapt, it strives to become a beacon of decentralization, ownership, and customization in the realm of social media.

💡 Overview: The Advantages of Lens Protocol

Lens Protocol brings a new era of user autonomy and control over their social interactions. Let's take a look at its practical advantages:

🔹 Fully Composable Social Graph: With Lens Protocol, users have full ownership of their social graph, meaning no one else has control over their connections and data. It's like having the keys to your social world, free from centralized platforms.

🔹 Blockchain-based and Permissionless: Lens Protocol operates on the Polygon blockchain, an open-source platform that allows anyone to participate without restrictions. No more gatekeepers—everyone is welcome to join the conversation.

🔹 Monetization and Content Ownership: Creators on Lens Protocol can truly own and monetize their content, breaking away from the limitations imposed by traditional Web2 social networks. It's a fair and empowering system for content creators.

🔹 Interoperability with DApps: Lens Protocol goes beyond being a standalone platform. It's designed to seamlessly integrate with various applications, opening up new possibilities and taking the Web3 experience to new heights.

🔹 Built on Polygon for Scalability: Thanks to its foundation on the Polygon blockchain, Lens Protocol ensures smooth and efficient user experiences. No more worries about slow-loading content or congestion of Layer 1 blockchains like Ethereum.

🔹 Profile NFTs and Modularity: Lens Protocol's modularity revolves around follow, collect, and reference modules—all powered by ERC721 NFTs. This allows for seamless customization and expansion, adapting to users' needs.

With Lens Protocol, users can enjoy a social media experience that puts them in control. No more relying on centralized platforms or facing restrictions on content ownership. The platform's openness and integration capabilities make it a promising player in the Web3 landscape.

At the same time, the platform as of today is still locked and not available to everyone at will. The access to the platform is being slowly expanded, but not everyone is able to try it out for themselves yet. Additionally Lens Protocol is a pure Polygon solution and it doesn’t seem like it has plans to expand to any other blockchain, making it a limited choice – users will have to use Polygon no matter what in order to use Lens.

🔒 Taking Control: How to Access Lens Protocol

If you are a lucky fellow with whitelisted access to Lens Protocol you can access the platform in following way:

1. 🔑 Secure a Lens handle: Begin by reserving a unique Lens handle for yourself. This handle will be your identifier on the platform.

2. 📅 Wait for the public launch: Keep an eye out for the timeline when Lens Protocol opens to the public. Once it does, you can proceed further.

3. 🏆 Claim your profile: Once you are eligible, claim your Lens profile and make it truly yours. This step ensures that you have ownership over your profile data and content.

4. 🆕 Reserved handles perks: If you were able to reserve a handle in advance, you can enjoy the benefits of having a sought-after handle.

5. ↔️ Transfer your Lens profile: Lens Protocol allows you the flexibility to transfer your profile as you see fit. Move it to different applications or platforms with ease.

6. 🤝 Explore integrations and partnerships: If you have ideas for integrating Lens Protocol with other applications or seek partnership opportunities, don't hesitate to reach out to Lens for collaboration possibilities.

🌐 Web3 vs. Web2

In the rapidly evolving landscape of the internet, Web3 and Web2 represent two different paradigms that shape our digital experiences. Web2, the traditional model of the internet, is characterized by centralized data storage and control by a few large platforms. On the other hand, Web3 embraces decentralization, putting users in the driver's seat and giving them ownership and control over their data and interactions. Lens is different than our standard options like Facebook in following ways.

🔑 Ownership of Data in Lens Protocol: In the world of Lens Protocol, you are the master of your data. Unlike Web2 platforms where your information is stored on centralized servers, Lens Protocol utilizes the power of blockchain technology to ensure that you have complete ownership of your content, social connections, and interactions.

This ownership extends beyond the Lens Protocol itself. One of the key advantages of Lens is its interoperability, meaning you can take your data and profile with you to any application built on the Lens Protocol. This portable data empowers you to seamlessly move between different services without losing access to your audience and network. No longer bound by the constraints of a single platform, you have the freedom to explore and engage with a diverse range of applications while maintaining control over your online identity.

🚫 Freedom from Algorithmic Uncertainty: In the traditional Web2 landscape, algorithms govern what content is shown to users, and these algorithms can change at any moment. Creators often find themselves at the mercy of platform policies and shifts in algorithms, leading to uncertainty about the visibility of their content and connections.

Lens Protocol breaks free from this uncertainty. Instead of relying on opaque algorithms, Lens empowers creators with direct connections to their audience through a decentralized social graph. With this approach, creators have more visibility and control over who sees their content and how they interact with their audience. No longer confined to the whims of algorithms, creators can build and maintain strong relationships with their followers based on their own terms.

By embracing the advantages of Web3 and Lens Protocol, users can experience a new level of ownership and control over their digital lives. Whether you're a content creator, a social media enthusiast, or an entrepreneur, Lens Protocol offers a fresh perspective on social interactions, where users and creators are at the center of the experience.

🤝 Lensverse – an ecosystem full of different projects

The Lens ecosystem is an expanding landscape of projects built on top of the Lens Protocol, each offering unique functionalities and services to cater to different user needs and interests. Let's explore some of these projects and how they fit into the broader Lens picture:

1. Dumpling for Streams: Dumpling is a project that leverages the Lens Protocol to provide a platform for live streams. Content creators can use Dumpling to host real-time interactive streams, engaging with their audience through live chats, Q&A sessions, and more. By integrating with Lens, Dumpling benefits from the user-owned social graph, enabling creators to maintain ownership of their content and connections, ensuring better transparency and control.

2. Riff for Music: Riff is a music-oriented project built on top of Lens. It caters to musicians, bands, and music enthusiasts, offering a dedicated space for sharing and discovering music content. Riff's integration with Lens allows artists to monetize their music through collectibles and NFTs, empowering them with full ownership of their creations.

3. Lenstube for Videos: Lenstube is a video-centric project that capitalizes on the Lens Protocol's capabilities to create a decentralized video-sharing platform. Content creators can upload and share videos with their followers, and through Lens' modularity, they can customize features such as monetization options and collectibles for their video content.

4. Buttrfly or Orb for Mobile Communities: Buttrfly and Orb are examples of projects within the Lens ecosystem that focus on mobile community building. These platforms provide a space for users to form and engage in niche communities based on shared interests or topics. By integrating with Lens, these mobile communities can access the benefits of a user-owned social graph, fostering a sense of ownership and collaboration among community members.

5. Lenster for Posting: Lenster is a posting-focused project designed to enhance the posting experience on Lens. Through Lenster, users can have a more streamlined and user-friendly interface for creating and publishing content on the Lens Protocol. This project aims to simplify content creation and empower users to fully utilize the features offered by Lens.

In the broader Lens picture, these projects complement and enrich the overall ecosystem. They expand the possibilities and use cases of Lens Protocol by catering to specific interests and communities, making the platform more versatile and appealing to a diverse range of users. As these projects continue to evolve, Lens benefits from a collaborative ecosystem where each project contributes to the growth and sustainability of the user-owned social graph. By embracing the Lens Protocol's modular approach, these projects can interconnect and share functionalities while retaining their unique identities. This interconnectivity fosters a collaborative environment where users can seamlessly explore and engage with various projects, fostering a vibrant and dynamic social media experience.

However, simultaneously, the need to access various websites, download different apps, and engage with different communities on distinct user interfaces creates a highly fragmented experience. This outcome doesn't align precisely with my initial understanding of the interoperability concept within Web3. The current scenario involves transitioning between different platforms, reminiscent of Web2 practices, and I find this approach less appealing. I would prefer a more streamlined approach where all these distinct projects are accessible directly from Lens itself, providing a seamless way to view and interact with content spanning the entire ecosystem, rather than necessitating app-switching to attain this comprehensive experience.

---

🛠️ Developer's Paradise: Support and Modules

Lens Protocol has a strong focus on the developer community, prioritizing their engagement more than that of the average user. Their primary strategy revolves around collaborating with independent developers to build numerous new projects, thereby expanding the appeal of the entire ecosystem and attracting more users. While this approach is reasonable, it can make navigation challenging for average users, especially those who are "crypto curious" and interested in Web3 but not yet familiar with all the intricacies of handling and utilizing blockchain networks.

In fact, the developer focus of Lens is so significant that a substantial portion of this article will be dedicated to showcasing the capabilities of Lens for developers, rather than focusing on the possibilities for the average user. If you are not interested in these technical aspects, feel free to skip ahead to the conclusion section. Lens provides a developer-friendly environment with robust support and modular functionality:

👨 💻 Lens React Hooks SDK

As a developer, you'll find the Lens React Hooks SDK to be a powerful tool for building applications on the Lens Protocol. It offers an array of functionalities, such as user profiles, following features, and recommendations, streamlining the development process.

📚 API Documentation and Quickstart Tutorials

Lens got your back with comprehensive API documentation and quickstart tutorials. These guides walk you through implementing essential features like user authentication and rendering social media feeds, ensuring you can get started with ease.

🤝 Join the Community

Lens Protocol thrives on community contributions, and they value new ideas and feedback. In their community they have "Inspiration for Builders" section, where developers can share their insights and collaborate with others to enhance the platform.

💎 Exploring Profile NFTs

Uncover the exciting world of Profile NFTs, Content History, Follow Modules, Whitelisting, and Application Development within Lens Protocol. These elements provide a deep and engaging experience for both developers and users, enabling unique and customizable social interactions.

📚 Publications

Ownership and Content: In Lens Protocol, creators have a range of publication types at their disposal, providing them with complete ownership and control over their content. These publications can be attached to various modules, adding extra layers of functionality and customization.

💬 Engaging with Comments

Interacting with comments on Lens Protocol offers functionalities that prioritize ownership, reference modules, and other essential aspects, making the comment section an engaging and valuable part of the user experience.

✨ Mirror Your Creativity

The versatility of Mirrors in Lens Protocol is pretty vast. These features are designed with a focus on reference module conditions, content URI, and collect modules. Mirroring allows creators to amplify their content and reach a wider audience while maintaining their vision and control.

💰 Monetizing with Collects

Monetization opportunities take the spotlight with Collects in Lens Protocol. Creators can set up their collect module to unlock customizable features for their creations. Whether it's defining rules for minting NFTs or configuring open collecting duration, Collects provide a flexible and effective way to monetize content within the platform.

👥 Uniquely Yours: The Follow Feature

Lens Protocol's follow feature is designed to give you a sense of ownership and control over your social connections. Unlike traditional social platforms, where following is often a one-way street, Lens Protocol introduces the concept of the follow module. This module allows you to create and issue your unique Follow NFTs (Non-Fungible Tokens) to your followers. By doing so, you determine who can be part of your community, establishing a more personal and engaging experience.

With each Follow NFT ID serving as a digital token of your connection, you can track and manage your followers securely on the blockchain. Moreover, these Follow NFTs come with built-in governance capabilities, including vote delegation. This feature enables your community to actively participate in decision-making processes and collectively shape the direction of your social interactions.

🔐 A Community Multisig System

At Lens Protocol, community safety and empowerment are paramount. That's why they've implemented the Community Multisig System. This system serves as a collective governance mechanism, where key actions related to protocol development, treasury management, and other essential functions are performed through a multisignature process.

The Community Multisig System is carefully designed to ensure that it cannot affect user funds or take actions on other deployments of the Lens Protocol. This approach offers an extra layer of security and prevents potential misuse of power, fostering a transparent and community-driven environment.

🎛️ Integrating Lens Protocol: Widgets and Encrypted DMs

Lens Protocol is not an isolated island; it's a platform that thrives on integration with other applications. Lens Widgets, available for both React and Svelte, make integration effortless. These widgets allow developers to seamlessly incorporate Lens Protocol's features into their own web applications, expanding the reach of their content and connecting with a wider audience.

Moreover, they understand the importance of privacy and secure communication. That's why they've integrated encrypted direct messages (DMs) using the XMTP Protocol. With this feature, you can enjoy private and secure conversations with other users, knowing that your messages are protected on the blockchain.

🔍 APIs and Recommendation Algorithms

Behind the scenes of Lens Protocol's seamless functionality lie powerful APIs that drive the user experience. Karma3, an innovative protocol for ranking and recommendation systems, ensures that you receive personalized content suggestions based on your interests and engagement.

The Profile APIs and Content APIs offer in-depth insights and ranking of profiles, enabling you to discover and connect with like-minded individuals. In addition, tools like MadFi, Airstack, and Universal Resolver further enhance the social experience by recommending profiles to follow and providing valuable resources for developers.

🏗️ Building with Lens Protocol: SDK and API

Lens SDK offers a collection of powerful React Hooks that streamline application development on Lens Protocol. From fetching recommended users to accessing user profiles and managing the follow feature, the SDK provides the essential building blocks for creating anyone’s dream web3 applications.

They also offer a comprehensive API documentation that serves as your gateway to Lens Protocol's capabilities. This GraphQL API documentation follows a schema-first approach, making it intuitive and user-friendly for developers to interact with and integrate into their projects.

🛠️ Deploying Lens Protocol Locally

Developers can learn how to deploy Lens Protocol locally on the Hardhat network. This allows them to experiment and explore the functionalities in a controlled environment. By setting up the protocol locally, developers can test different configurations and code changes without affecting the live network. This helps ensure a smooth deployment and enhances the development process.

🔧 Modular Magic - Lens Protocol's Modules

Modules form the core foundation of Lens Protocol, serving as essential building blocks for its functionalities. They are like plug-ins that can be attached to users' profiles, enabling customized features and interactions. The modular design of Lens Protocol ensures flexibility and scalability, allowing developers to add new modules and features seamlessly. By exploring follow, collect, and reference modules, developers can understand how each module empowers users and facilitates unique interactions within the social graph.

🔀 Advantages and Risks of the Lens Protocol

👍 Advantages of Lens Protocol:

1. Censorship Resistance: Lens Protocol's decentralized nature ensures that content and social interactions are resistant to censorship and external control. Users have ownership of their data, reducing the risk of arbitrary content removal or de-platforming.

2. Content Ownership: Creators on Lens Protocol truly own their content and have the ability to monetize it directly within the platform. This breaks free from the limitations imposed by traditional Web2 social networks, where content ownership and monetization are often subject to platform policies and algorithms.

3. Interoperability: Lens Protocol is designed to seamlessly integrate with various decentralized applications (DApps). This interoperability expands the possibilities for users to interact with their social graph across different platforms and enhances the overall web3 experience.

4. Inclusivity: Operating on the Polygon blockchain as an open-source platform, Lens Protocol offers a permissionless and inclusive social media environment. Users can join the network without the need for gatekeepers or centralized control.

⚠️ Risks of Lens Protocol:

1. On-Chain Storage Challenges: While the on-chain storage of data provides ownership and security benefits, it may also lead to challenges related to scalability and storage costs. As the network grows, addressing these challenges becomes vital to ensure a smooth user experience.

2. Security Vulnerabilities: Like any blockchain-based system, Lens Protocol is not immune to security risks. Developers must be vigilant in identifying and addressing potential vulnerabilities to safeguard user data and maintain the platform's integrity.

3. Developer Focus Heavy: At the current stage Lens heavily prioritizes developers in both the way that their products are used and in their external communication. This makes sense from the development strategy’s standpoint, but makes it difficult for non-developers to get into the Lens ecosystem and start using it. You don’t hear about different Lens projects yet – you hear about the Lens Protocol itself and as such it is not easy to join.

4. Locked Access: As of today it’s still not as easy to become whitelisted for the project. This means that if you wanted to try it out for yourself today, you might not be able to.

5. Polygon Exclusive: If you are a fan of BNB network or any other for that fact you will be disappointed to hear that Lens operates strictly on Polygon network. So far I was not able to get any information on expansion plans to other blockchains, but it seems unlikely knowing that every projects in their ecosystem would need to adapt to these changes as well.

6. Lens Protocol unfortunately fragments its user base between different project that are built on top of it. It’s not intentional, rather a necessity, because of the way how Lens Protocol foundation had been set up. They want their whole ecosystem to grow, but users with different needs will use only certain projects on Lens and disregard others. This make it so it’s hard for the users to access all of those different use cases and even if they do, they are not really incentivized to try other projects besides their own curiosity. This makes the big Lens community not able to use its full strength.

🌟 Conclusion

Lens is a project that has garnered significant attention in the Web3 space and exhibits great potential for the next wave of social media platforms. However, it still faces several challenges before becoming accessible to mainstream users for real-life use cases. Currently, becoming a content creator on Lens is not straightforward, and without an existing following, gaining attention from the network can be challenging.

Despite these obstacles, the future looks promising, and projects like Lens Protocol demonstrate that we have only scratched the surface of what is possible with blockchain technology and social media. The potential for innovation in this space is vast, and I can’t wait for new projects to start exploring new possibilities and reshaping the landscape of social networking.

---

🔍 Action Items and Next Steps

1️⃣ Stay Curious: Keep an eye on Lens Protocol's developments. As the platform matures, it aims to bring more users into the fold. Stay curious and informed about how Lens Protocol is transforming social media.

2️⃣ Engage with Lensverse: Explore the diverse projects within the Lens ecosystem. Engage with Dumpling, Riff, Lenstube, Buttrfly, Orb, and Lenster. Experience the versatility and creative energy of the Lensverse.

3️⃣ Support Developers: If you're a developer, Lens Protocol offers a wealth of tools and resources. Dive into the Lens React Hooks SDK, explore APIs, and engage with the Lens community. Your contributions can shape the future of Web3 social media.

4️⃣ Prepare for Launch: As Lens Protocol expands access, position yourself to claim your Lens handle, secure your profile, and explore the platform's features. Be ready to immerse yourself in the Lens experience.

5️⃣ Advocate for Ownership: Spread the word about the power of true ownership and control that Lens Protocol brings. Encourage friends, fellow creators, and Web3 enthusiasts to explore the Lens movement and embrace a new era of social media.

---

🗣️ Join the Conversation!

I am eager to hear your thoughts, insights, and experiences regarding this pressing issue. Let's engage in a vibrant discussion together! In addition to publishing this edition of the newsletter, I have also created a LinkedIn post where we can all discuss the developments and news covered in this edition. If you are eager to join the conversation, don't be shy! Feel free to check out my LinkedIn profile and comment on the post:

Let's connect on LinkedIn!

Web3Daily now has a few additional social media accounts. Follow and engage in a more casual style on these platforms:

Follow me on Twitter!

Follow me on Medium!

Follow me on Mirror!

Subscribe on Substack!

Follow me on Mastodon!

Follow me on Lenster!

Follow me Diamond!

Follow me on TikTok!

Subscribe on YouTube!

---

📣 Share the Knowledge!

Don't forget to share this newsletter with your crypto-savvy friends and colleagues. The more, the merrier! Let's build a community that stays informed, connected, and excited about the ever-evolving world of web3.

Thanks for being part of the Web3Daily family! Together, we'll navigate the exciting world of crypto and blockchain, one news byte at a time.

To stay connected and receive daily updates, make sure to connect with me on LinkedIn! Let's continue our journey to unlock the mysteries of web3 and embrace the future, hand in hand.

See you on the other side of the blockchain!

Wiktor Grzyb

Founder & Editor, Web3Daily

GM, Web3Daily readers!

I want to extend my sincerest apologies for the recent pause in my Web3Daily newsletter. I have been on a week-long vacation, and unfortunately, I wasn't able to create the usual valuable content during that time. While I enjoyed the break, I also reflected on the frequency of our newsletter's releases. To provide you with even better quality content and to streamline my content planning, I have decided to adjust the publishing schedule. Starting this week, Web3Daily will be delivered to your inbox every Monday, Wednesday, and Friday. This change will not only ensure top-notch content but will also enable me to better organize future content, ensuring a smooth flow even during times when I'm away. As a gesture of my apology and appreciation for your understanding, I am excited to announce the launch of a new Mini-Series focused on Decentralized Social Medias. Over the next five editions, we will delve into the intricacies of these platforms, comparing their features and benefits, and exploring the fascinating world of decentralized social interactions. Your support means the world to me, and I'm committed to delivering exceptional value to you. Thank you for your continued support and understanding!

---

🌟 Glance at Today's Edition:

🐘 Mastodon was developed by Eugen Rochko back in 2016

🌐 Mastodon's federated model connects a constellation of independent instances, forming the fediverse.

🚀 The ActivityPub protocol enables seamless interactions and communication across Mastodon instances.

💡 Mastodon offers choices for online presence, including creating your instance.

💰 Server operators have monetization options, including donations, crowdfunding, and premium features.

🤝 Interoperability through ActivityPub allows communication across compatible websites.

💻 Customization options for profiles are limited, especially for average users.

📝 Posts on Mastodon are similar to X (Twitter), supporting links, tags, emojis, media, and polls.

🌐 Network features provide various interaction methods, with some challenges in public timelines and notifications.

🚨 Moderation empowers users to shape their experience and report unwanted content.

🌟 Visibility features allow users to highlight profiles and posts in the Mastodon community.

🎨 UI customization is limited, and the default design feels outdated.

🔒 Account security tools, such as two-factor authentication and privacy settings, are available.

📱 Official mobile apps for iOS and Android provide accessibility.

🔌 APIs facilitate integration with external platforms, enhancing digital interactions.

🚀 Mastodon is open-source, and community feedback drives its evolution.

💰 Monetization features are only for server operators and regular content creators don’t have any easy access to any monetization schemes on the platform.

👏 Mastodon encourages user participation and shapes the platform's evolution.

👍 Mastodon focuses on user benefits, lacks modern social app capabilities.

---

🤔 Mastodon – non-blockchain decentralized social media?

🐘 Mastodon Intro 🐘

Are you tired of the same old social media platforms with their centralized control? Ready to step into a world where freedom and decentralization reign?

This is the first article in a new mini-series on decentralized social media. Mastodon, a decentralized and open-source social media platform, offers a refreshing alternative to traditional social networks. Operating on a federated model, Mastodon allows users to connect, share, and engage in a diverse range of online communities, known as instances, each with its own rules and themes. With an emphasis on user privacy, customization, and community-driven features, Mastodon empowers individuals to curate their digital experience, interact authentically, and explore a sprawling universe of interconnected conversations and content.

Say hello to Mastodon, the revolutionary microblogging platform that even though doesn’t use blockchain is wildly loved by people in web3, because of its different way of achieving decentralization! 🌟

🕰️ A little backstory 🕰️

Mastodon emerged as a response to the evolving landscape of social media, offering an alternative to the centralized platforms that dominated the digital sphere. Developed by Eugen Rochko, Mastodon's journey began in 2016 when Rochko, disillusioned with the data privacy issues and lack of user control on mainstream social networks, set out to create a decentralized and community-driven platform. Inspired by the principles of open-source software and the need for a more user-centric experience, Rochko embarked on building Mastodon.

Drawing inspiration from the concept of federated social networks, Mastodon's architecture was designed around the ActivityPub protocol, enabling instances to communicate and share content while maintaining their autonomy. The name "Mastodon" itself is a nod to both the prehistoric creature and the heavy-metal band, symbolizing the platform's robust and independent nature.

Launched in October 2016, Mastodon quickly gained traction among users who sought an alternative that prioritized user privacy, content control, and diverse community interactions. Its decentralized nature allowed users to join instances aligned with their interests and values, fostering a sense of ownership and belonging.

Mastodon's journey represents a commitment to the ideals of open-source collaboration, individual empowerment, and reimagining the dynamics of social media. As a pioneer in the realm of decentralized platforms, Mastodon continues to evolve, inspiring other projects and contributing to the broader movement toward a more democratic and user-centric online ecosystem.

🌐 Welcome to the Federated Model 🌐

Imagine a realm where your online presence is not confined to a single platform but rather, it flourishes across a vast, interconnected landscape. Mastodon's magic lies in its embrace of the federated model. It's a departure from the norm, where you're no longer constrained by a single digital domain. Instead, Mastodon is a constellation of independent instances, each hosting a unique community, and together they form the boundless fediverse. This innovative architecture allows you to effortlessly traverse from one instance to another, bridging divides and connecting with kindred spirits far beyond your usual reach. 🌐

In the world of Mastodon, your journey is not limited by the boundaries of a single server. It's a captivating exploration where your voice resonates across countless instances, sparking conversations, forging new friendships, and sharing ideas that ripple through the digital cosmos. The ActivityPub protocol acts as the cosmic glue, enabling seamless interactions and communication, redefining what it means to be part of a global community.

Imagine the fediverse as a big web that magically connects many different websites using something called ActivityPub. Websites like Pleroma, Pixelfed, Misskey, PeerTube, Plume, and many others work together to make a huge online world. When you start your journey in the fediverse, it's like joining a big picture that goes beyond just one website.

💡 Find Your Perfect Provider 💡

In the world of Mastodon, the path to your ideal online sanctuary is paved with choices. Picture yourself as an architect of your own digital realm, where you have the freedom to cherry-pick from existing Mastodon websites or even embark on the exhilarating journey of creating your very own instance. The canvas is yours to paint, and Mastodon provides the colors. Mastodon recommends a list of esteemed service providers, each pledged to uphold the values enshrined in the Mastodon Server Covenant. This ensures a safe and fulfilling digital voyage for every adventurer who steps into the Mastodon universe.

💰 Monetize Your Way 💰

In Mastodon's dynamic landscape, monetization is unique, giving server operators the ability to generate revenue. This environment fosters both creativity and business sense. Revenue sources vary, including donations, crowdfunding, premium features, sponsorships, and merchandise. Unlike intrusive ads, this ecosystem prioritizes community-driven growth.

🤝 Interoperability Unleashed 🤝

One of Mastodon's most remarkable abilities is its interoperability. It’s really the same factor that many web3 social media apps are proud off, but Mastodon manages to achieve this without operating on any blockchain. Mastodon wields the potent ActivityPub protocol to forge pathways of communication and camaraderie between users across compatible websites. Picture yourself as a digital voyager. The boundaries of your digital horizons dissolve as you engage, interact, and collaborate, breathing life into the grand tapestry of the interconnected web. With Mastodon you have the opportunity to expand your network, broaden your horizons, and co-create with fellow explorers is an exhilarating journey that beckons.

What if you want to move to a new place? Mastodon makes this transition smooth. If you want to go to new lands, you can take your memories with you. Mastodon even helps you stay connected with friends through aliases, like a forwarding address.

What this means in practice is that you can take your followers across different Mastodon instances with you instead of beginning from ground up. It’s still pretty clunky though. When I wanted to change a server on Mastodon I had to find special strings that indicated my old and new account and paste them manually. In the end I was not able to do it, even though I know it is possible!

💻 Customize Your Universe 💻

Each click of your virtual tools lets you express who you are in a special way. You can create your online space to match your personality by adding cool display names that tell a bit about you, interesting bios that show your true self, and pictures that represent your online identity. You can also add a big and beautiful picture at the top of your page that shows what your online world is all about. And don't forget to add links that show you're really you, and let your hobbies and interests show through your profile, making it all colorful and exciting!

That is how Mastodon would like to describe their customization options, but from my perspective they are very limited. Only 5 lines of links, basic social media customization and nothing more. Maybe if you are a developer you can extend it, but for the average user Mastodon doesn’t offer much in those terms plus setting them up is a little wacky. The link section in particular.

📝 Craft Your Perfect Post 📝

On Mastodon you can write similarly to how it’s looking like on X (formerly Twitter. And it's not just words—you can add links, tags, and emojis. You can share pictures, GIFs, videos, and sound clips to make your posts super interesting. Want to get people talking? You can ask questions with polls as well. You get to decide who gets to see your stuff. You can choose if everyone can see it or just a few people. And if you want to give a little heads up about your post, you can use content warnings to make sure everyone is comfortable reading it.

Nothing special in this section of Mastodon really. You won’t switch from X unless you want to text with specific people on Mastodon or are a big fun of the ActivityPub. I am not a fan of dividing your user base between different servers. So far I experiences and incredible amount of emptiness on Mastodon. After posting around 50 posts I noticed that only one person even noticed them. Using hashtags didn’t help at all.

🌐 Network Features 🌐

The platform's network features offer a wide range of ways to interact, but they might not always bring the positive experience you're hoping for. Public timelines can sometimes feel overwhelming, as they display a constant stream of posts that might not align with your interests. Notifications can quickly become a flood, interrupting your day with updates that may not be relevant or wanted. Following profiles might lead to a cluttered feed with posts that you're not really interested in, and direct conversations can sometimes be tiring as messages keep pouring in. Lists could end up feeling like an additional layer of complexity to navigate, and the search function might not always lead you to the information or conversations you were hoping to find.

That is how my onboarding experience was looking like in a nutshell, but I am sure that with more people involved the experience can become much better later down the line.

🚨 Take Control with Moderation 🚨

What would be the essence of Mastodon, if you were to come up with one? In my head it’s not about the decentralized, but rather empowerment through moderation. The reins of your social media experience are firmly in your grasp, and you're the curator of the content that fills your feed. Posts are slightly filtered to match your preferences, where you wield the power to shape your digital landscape. Even though it’s not obvious how to set up your preferences (you can have hashtags associated with your account). With user-level actions at your disposal, you can curate your experience a little. Should any unwelcome content breach your walls, Mastodon's reporting tools are your shield. Unwanted interactions can be muted or blocked, and problematic content can be brought to light. Mastodon ensures its space remains safe and respectful. Instance-level moderation maintains the health of communities, following shared values. Community guidelines ensure good experience, and reporting tools empower users to address concerns. User-level controls allow you to shape your experience. With Mastodon, you actively contribute to a positive online environment where interactions are guided by empathy.

👁️ Visibility Features 👁️

Mastodon offers visibility features that allow you to highlight certain aspects of your profile and posts. Featured links and profiles are like signposts, directing others to your space in the digital world. Pinned posts act as a showcase, displaying your important thoughts and experiences. Joining the profile directory puts you on a list of users, making it easier for others to find and connect with you. These features let you have a presence that stands out in the vast Mastodon community. As you use these tools, you become a part of the larger Mastodon network, sharing your own unique story in a broader collection of narratives.

My opinion is again – very limited amount of ways you can highlight something in your profile. Just basic things, nothing that stands out from other social media’s ways of doing this.

🎨 Tailor-Made UI and Settings 🎨

You have control over how your online space looks and works. You can choose themes for your profile, like picking a color scheme for your room. Notifications are adjustable; you decide how often you receive them and from whom. You can also control search engine settings, deciding whether you want your profile to show up in searches. Mastodon lets you boost posts to share them more widely, and you can adjust the language settings for what you see. Your choices here make up your online identity, like picking the furniture and decor for your digital home.

All of that sounds great, but at the same time the default look and feel of Mastodon feel very generic. I think that because of the decentralized nature of this social media nobody really takes care of how the platform looks and behaves. This makes it stuck I the old-fashioned designs and old UI/UX. Not surprising knowing how long Mastodon is on the market already.

🔒 Secure Your Account 🔒

Your account is your private spot, holding your thoughts and memories. Mastodon gives you tools to keep it safe. You can invite friends in, manage who follows you, and even use two-factor authentication, like a strong lock, to keep others out. If you ever want to leave, you can take your data with you or delete your account. Encryption measures protect your data, giving you peace of mind. User privacy options allow you to tailor your settings, and administrators can customize privacy for each community. With community moderation, the environment promotes inclusivity, reflecting your values. Privacy is a fundamental promise in Mastodon, giving you control over your digital journey.

📱 Mobile Freedom 📱

Mastodon's official mobile apps for iOS and Android offer more accessibility. You can share thoughts and explore timelines. Mastodon's mobile freedom allows you to participate in the digital universe on the fly. It’s an okay application that do things right. Nothing innovative, but it works as it should.

🔌 APIs and Integration Power 🔌

Mastodon's APIs are valuable tools for creating bridges between different platforms. The Mastodon API allows you to interact with instances programmatically. Real-time updates through the streaming API keep you connected to evolving content. Cross-posting lets you share thoughts across platforms, uniting your presence. External application integration enhances your experience. With Mastodon, you actively shape your digital interactions across platforms.

🚀 Open-Source Spirit 🚀

Mastodon is a dynamic open-source community. Frequent updates and bug fixes demonstrate progress. Your feedback contributes to the platform's evolution, making you an active participant in its development.

💰 Community-Driven Business 💰

In the bustling marketplace of social media, where algorithms often dictate the rules of engagement, Mastodon emerges as a beacon of fresh air. At its core, Mastodon isn't just a platform; it's a dynamic ecosystem where each instance is a unique enterprise, fostering a sense of entrepreneurship among its inhabitants. In this realm, traditional notions of monetization are turned on their head, as Mastodon blazes a trail toward a new era of sustainability. Here, the power to decide your financial destiny rests firmly in your hands.

That is if you are a server operator. There are no streamlined ways for content creators to monetize their on their work inside of Mastodon’s UI/UX. You want monetization? Do it, but we won’t really show you how. To me monetization options of Mastodon are limited, because you need to do everything to even enable them. They are not part of the application, you need to use external tools for them and as such this is far from a smooth user experience and making money out off Mastodon is not an easy task.

🌟 Conclusion 🌟

With Mastodon's pioneering spirit as your guide, you're not just a consumer; you're an active participant in the journey toward a more equitable and dynamic digital landscape. The ethos of "by the community, for the community" is woven into the fabric of Mastodon, ushering in an era where your choices as a user play an integral role in shaping the platforms you inhabit. In this realm, the balance between innovation and sustainability is not just a goal—it's a reality you help create with each interaction, each contribution, and each decision.

And for this alone I think Mastodon deserves a big applause, because it genuinely wants the good of its users and not the marketers or big players. Back in 2016 that was something that was missing and as one of the early tries I think that mastodon did really good. But in the end the lacks of the design and possibilities of modern social apps make Mastodon still a weak competitor when compared to what other social media can offer their users – all your friends on platforms that help you accelerate the way you interact with them. Mastodon is just a tool, without really helping you to deliver an outstanding value to your friends or followers.

---

🔍 Action Items and Next Steps

1️⃣ Research Mastodon: Dive into Mastodon's decentralized and open-source nature. Explore its federated model, instances, and how it differs from traditional social media platforms.

2️⃣ Understand ActivityPub: Get familiar with the ActivityPub protocol and how it enables communication between Mastodon instances. Learn about its role in the interconnected web.

3️⃣ Evaluate Customization: Explore Mastodon's customization options and assess how they align with your preferences. Consider the impact of limited customization on your online identity.

4️⃣ Explore Monetization: Research the monetization opportunities within Mastodon's ecosystem. Understand how server operators can generate revenue and how this approach differs from traditional ads.

5️⃣ Experience Interoperability: Experiment with Mastodon's interoperability features. Explore cross-posting and engaging with users on compatible platforms. Compare this experience with other social media platforms.

6️⃣ Study Community-Driven Business: Research the concept of community-driven business within Mastodon's ecosystem. Understand the role of server operators and how monetization is approached.

7️⃣ Engage and Contribute: Join Mastodon instances aligned with your interests and values. Engage in conversations, contribute content, and experience the unique dynamics of each community.

---

🗣️ Join the Conversation!

I am eager to hear your thoughts, insights, and experiences regarding this pressing issue. Let's engage in a vibrant discussion together! In addition to publishing this edition of the newsletter, I have also created a LinkedIn post where we can all discuss the developments and news covered in this edition. If you are eager to join the conversation, don't be shy! Feel free to check out my LinkedIn profile and comment on the post:

Let's connect on LinkedIn!

Web3Daily now has a few additional social media accounts. Follow and engage in a more casual style on these platforms:

Follow me on Twitter!

Follow me on Medium!

Follow me on Mirror!

Subscribe on Substack!

Follow me on Mastodon!

Follow me on Lenster!

Follow me Diamond!

Follow me on TikTok!

Subscribe on YouTube!

---

📣 Share the Knowledge!

Don't forget to share this newsletter with your crypto-savvy friends and colleagues. The more, the merrier! Let's build a community that stays informed, connected, and excited about the ever-evolving world of web3.

Thanks for being part of the Web3Daily family! Together, we'll navigate the exciting world of crypto and blockchain, one news byte at a time.

To stay connected and receive daily updates, make sure to connect with me on LinkedIn! Let's continue our journey to unlock the mysteries of web3 and embrace the future, hand in hand.

See you on the other side of the blockchain!

Wiktor Grzyb

Founder & Editor, Web3Daily

🇫🇷 The 7 Most Important Web3 Announcements from EthCC in Paris!

GM, Web3Daily readers!

---

🌟 Glance at Today's Edition:

🌐 EthCC 2023 unveils groundbreaking advancements in Web3 at the grand stage in Paris.

💎 StarkNet Stack introduced, simplifying transactions on Ethereum's Layer 2 Validity Rollup.

🔄 Chainlink Cross-Chain Interoperability Protocol (CCIP) dismantles barriers for cross-chain applications.

🔍 Lens Protocol V2 empowers users with true ownership and control of their social data.

🚀 UniswapX Protocol offers gas-free swaps and MEV protection, bridging decentralized and traditional finance.

💳 Gnosis Card enables crypto holders to spend assets anywhere Visa is accepted.

💻 Solang compiler simplifies migration for Ethereum developers to Solana blockchain.

⛓️ Etherlink presents a decentralized Ethereum Layer 2 solution on Tezos blockchain.

⚡ Linea's zkEVM rollup network marks a significant milestone in Ethereum's journey to scalability.

---

🇫🇷 The Big Seven of EthCC

🚀 Revolutionary Advancements at EthCC 2023 🌐

The grand stage was set in the enchanting city of Paris, where the Ethereum community had gathered for the much-awaited EthCC 2023—an event promising to unveil the most thrilling advancements in the world of Web3. From the historic streets of Montmartre to the banks of the Seine River, the city became a hub of inspiration and innovation.

💡 StarkNet Stack: Ethereum's Layer 2 Breakthrough 🎉

The groundbreaking conceptual model for StarkNet, Ethereum's Layer 2 Validity Rollup, stands as a testament to the industry's relentless pursuit of innovation. It promised a quantum leap in efficiency, simplifying and streamlining transactions like never before.

The StarkNet Stack and Layer 2 Validity Rollups were not just advancements; they were game-changers for the crypto industry. Scalability was the name of the game, as these innovations heralded reduced costs and lightning-fast transaction times. Increased capacity, while maintaining decentralization and security, laid the foundation for a thriving crypto ecosystem. This seems like a small step, but every step that will allow for a smoother user experience in Web3 is a big leap forward. Let’s hope that many more of them will come soon and crypto will be as easy to use as your banking app for example.

---

🔗 Chainlink CCIP: Connecting the Web3 🌐

The unveiling of the Chainlink Cross-Chain Interoperability Protocol (CCIP) is next. As the presentation unfolded, a vision of seamless integration between different blockchains emerged. The possibilities seemed endless as the CCIP paved the way for a more connected and efficient Web3 landscape, with blockchains like Avalanche and Polygon seamlessly communicating and collaborating.

The implications of CCIP for the crypto industry are profound, especially in the context of the rapidly expanding multi-chain Web3 landscape. By providing a standardized protocol for connecting and transferring tokens and data across various blockchains and layer-2 networks, CCIP enhances interoperability in the decentralized world. This, in turn, promotes better coordination between blockchain ecosystems, fostering the expansion of decentralized finance (DeFi) with its cross-chain functionalities. Major DeFi protocols and financial institutions can quickly embrace CCIP. It might just be that CCIP has the potential to be a widely accepted standard for cross-chain interactions, laying the foundation for a more connected and efficient crypto ecosystem where barriers between different blockchain networks.

📸 Lens Protocol V2: Decentralized Social Internet 💻

Lens Protocol V2 is set to revolutionize the world of decentralized social networking. This upgraded version brought a paradigm shift to the social media landscape, offering users enhanced composability and value-sharing opportunities that aligned perfectly with the principles of Web3—a decentralized, user-centric approach to online interactions.

With Lens Protocol V2, users can retain the true ownership, control, and portability of their social data. This marked a critical milestone in the journey towards a truly decentralized social internet, where users' digital lives were no longer controlled by centralized entities. The innovative features introduced by Lens Protocol V2 were as follows: Open Actions, Collective Value Share, Profiles V2, and Trust & Safety Features.

Furthermore, Lens V2's programmable monetization layer through Collective Value Share presented an exciting avenue for incentivizing positive contributions and rewarding users for their engagement, ensuring a more sustainable and thriving ecosystem. Enhanced NFT integration was another highlight, granting NFT holders social relationships and opportunities for monetization within the Lens ecosystem. On-chain blocking and profile security added an additional layer of trust and safety, providing users with the assurance that their interactions and personal data were well-protected.

Overall, Lens Protocol V2 represented a significant leap forward in Web3-powered social networking, driving advancements in decentralized social applications and solidifying the integration of Web3 technologies into the fabric of online interactions.

💱 UniswapX Protocol: Bridging Gaps in On-Chain Trading 💳

Next was UniswapX Protocol with a revolutionary approach to on-chain trading. The permissionless, Dutch auction-based system presents a seamless way to conduct token swaps, bringing unprecedented ease to the once complex process. Gas-free swaps and MEV protection took center stage, addressing critical pain points in the DeFi ecosystem and inspiring greater confidence among traders. UniswapX effectively bridged the gap between the decentralized and traditional financial systems, inviting both seasoned enthusiasts and newcomers to delve deeper into the world of cryptocurrencies.

The implications of UniswapX for the crypto industry can have a profound and far-reaching consequences. The protocol's vision of improving on-chain trading through the aggregation of liquidity sources and outsourcing routing complexity promises better prices and a more enhanced trading experience in the DeFi landscape. With the gas-free swapping feature, fillers shouldering gas fees on behalf of swappers, the barriers to entry for new users are lowered, and traders could engage more frequently without concerns about transaction costs. Furthermore, UniswapX's commitment to MEV protection and fairer trading conditions bolstered confidence and trust in on-chain swaps. Emphasizing self-custody and a permissionless design, UniswapX contributed to the accessibility of DeFi services, making financial sovereignty attainable for a broader audience.

💳 Gnosis Pay & Gnosis Card: Let's go shopping! 🌟

With the Gnosis Card, crypto holders can now seamlessly spend their digital assets anywhere where Visa is accepted, blurring the lines between the digital and traditional financial worlds. The integration of Gnosis Pay marked a pivotal turning point, significantly accelerating the path to mainstream adoption for cryptocurrencies.

By enabling users to spend their cryptocurrencies at Visa terminals, Gnosis Pay facilitated financial inclusion for individuals who lack access to traditional banking services, fostering greater accessibility to the global financial system. In collaboration with Visa and adherence to EU regulations, Gnosis Pay also ensured compliance with financial regulations, paving the way for wider acceptance and regulatory approval of digital assets in the traditional financial landscape.

Beyond its pioneering role in financial inclusion and security, Gnosis Pay supported various DeFi protocols and blockchains, expanding the usability and utility of digital assets. By seamlessly integrating digital assets with traditional finance, it catered to the growing demand for interoperability, further cementing DeFi's position in the mainstream financial landscape. Its support for Layer 2 solutions brought ultra-fast and cost-effective transactions to the forefront, enhancing the overall efficiency of the crypto ecosystem. Additionally, Gnosis Pay's user-friendly interface makes interacting with DeFi protocols and services more accessible to users without extensive technical knowledge, encouraging wider participation in the DeFi space. Altogether, Gnosis Pay strived to create a more inclusive, secure, and integrated financial landscape, leveraging the best aspects of both DeFi and traditional finance to unlock new possibilities for the global economy.

🛠️ Solang: Ethereum Developers on Solana 💻

Solang Solidity compiler for Solana was unveiled. This game-changing development promise a seamless and effortless migration for Ethereum developers to the Solana blockchain, breaking down language barriers and facilitating their entry into Solana's vibrant ecosystem. It was a rallying call, inviting more talented developers to contribute their skills and creativity to the ever-expanding world of Solana, further propelling its growth and innovation.

Solang's introduction held significant implications for the entire crypto industry. The compiler's ability to provide a familiar environment for Ethereum Solidity developers facilitated their transition to Solana, encouraging greater adoption of the platform and leading to a diverse range of decentralized applications on the network. Its focus on interoperability and cross-platform development potential fostered seamless communication between developers using different programming languages, nurturing innovative collaborations and cross-pollination of ideas within the crypto space.

The presence of Solang on Solana expanded the platform's use cases, unlocking possibilities for various projects, including DeFi applications, NFTs, gaming, and more. By serving as a bridge between Ethereum and Solana, Solang facilitates movement between the two ecosystems, potentially alleviating congestion on Ethereum while driving increased activity on Solana. The compiler's integration significantly contributes to the scalability and efficiency of Solana, making it an attractive option for Ethereum developers seeking a more scalable and cost-effective blockchain platform for their projects. Overall, Solang's Solidity compiler for Solana marked a significant leap towards bridging blockchain ecosystems, advancing the crypto industry's evolution, and maturing the decentralized economy of the future.

⛓️ Etherlink: Ethereum Layer 2 on Tezos 🌐

Fully decentralized Ethereum Layer 2 (L2) solution on the Tezos blockchain. Etherlink's promise of faster and more cost-effective transactions for developers and businesses building decentralized applications (dApps). The platform's capabilities empowered developers to create open, secure, and scalable applications that could revolutionize the Ethereum ecosystem and extend its influence to new horizons.

Etherlink's introduction held profound implications for the crypto industry. The enhanced scalability and speed offered by the platform addressed Ethereum's mainnet limitations, unlocking faster and more efficient transactions for users. Etherlink's compatibility with Tezos and other blockchains facilitated cross-chain interoperability, encouraging collaboration and innovation within the crypto space. By offering an EVM-compatible environment, Etherlink smoothed the transition for Ethereum developers to the Tezos ecosystem, enticing more talent to contribute to Tezos' growth and driving the expansion of its ecosystem. Leveraging Tezos' unique advantages, including its self-amending mechanism and on-chain governance, Etherlink established a more efficient and sustainable blockchain infrastructure, appealing to users seeking long-term stability and scalability. In summary, Etherlink's launch as an Ethereum L2 solution on Tezos presented an attractive proposition for the crypto industry, offering effective solutions to scalability challenges and promoting cross-chain collaboration and development, ultimately shaping the future of the decentralized economy.

---

🔍 Action Items and Next Steps

1️⃣ Stay updated on the progress of the StarkNet Stack and its implementation as Ethereum's Layer 2 Validity Rollup. This breakthrough could have far-reaching implications for the crypto market, so keeping an eye on its development is crucial.

2️⃣ Research and understand the Chainlink Cross-Chain Interoperability Protocol (CCIP) to grasp the potential for a more connected Web3 landscape. Assess how this protocol could impact cross-chain applications and services.

3️⃣ Familiarize yourself with Lens Protocol V2 and its features, as it could transform the social media landscape and empower users with true ownership and control of their social data. Consider the implications for privacy and data protection.

4️⃣ Explore the UniswapX Protocol and its Dutch auction-based system for on-chain trading. Understand how it facilitates gas-free swaps and MEV protection, and assess the impact on decentralized and traditional financial systems.

5️⃣ Keep an eye on updates and developments regarding Gnosis Pay and the Gnosis Card. Assess how these revolutionary tools can transform crypto spending and bring cryptocurrencies closer to mainstream adoption through enhanced security and control.

6️⃣ Research Solang, the Solidity compiler for Solana, and its potential to facilitate smooth migration for Ethereum developers to the Solana blockchain. Understand how this move could drive more developers to contribute to the growing ecosystem of Solana.

7️⃣ Explore Etherlink, the decentralized Ethereum Layer 2 solution on the Tezos blockchain. Assess its scalability, security, and cost-effectiveness features and how it can revolutionize the Ethereum ecosystem.

---

🗣️ Join the Conversation!

I am eager to hear your thoughts, insights, and experiences regarding this pressing issue. Let's engage in a vibrant discussion together! In addition to publishing this edition of the newsletter, I have also created a LinkedIn post where we can all discuss the developments and news covered in this edition. If you are eager to join the conversation, don't be shy! Feel free to check out my LinkedIn profile and comment on the post:

Let's connect on LinkedIn!

Web3Daily now has a few additional social media accounts. Follow and engage in a more casual style on these platforms:

Follow me on Twitter!

Follow me on Medium!

Follow me on Mirror!

Subscribe on Substack!

Follow me on Mastodon!

Follow me on Lenster!

Follow me Diamond!

Follow me on TikTok!

Subscribe on YouTube!

---

📣 Share the Knowledge!

Don't forget to share this newsletter with your crypto-savvy friends and colleagues. The more, the merrier! Let's build a community that stays informed, connected, and excited about the ever-evolving world of web3.

Thanks for being part of the Web3Daily family! Together, we'll navigate the exciting world of crypto and blockchain, one news byte at a time.

To stay connected and receive daily updates, make sure to connect with me on LinkedIn! Let's continue our journey to unlock the mysteries of web3 and embrace the future, hand in hand.

See you on the other side of the blockchain!

Wiktor Grzyb

Founder & Editor, Web3Daily