social

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The biggest opportunity in crypto over the next 12 months: convert the remaining ~600 million crypto owners and passive investors to active crypto users. If we get to only activate 50% of everyone who ever bought $btc $eth or $sol that will 10X transactions, volumes, and revenues. A much needed boost the app layer! Discovery friendly wallets and web3 social apps are the most positioned to do this. 

Build thoughtful and hyper personalized notifications, email companions, discovery and exploration feeds focused on mainstream users to show them the best of what builders have been up to this cycle: social media content, frames, mini apps, memes, articles, podcasts, music, tickets and much more is already onchain!!!

Help the late comers engage with  @farcaster @zora @pods @paragraph @audius content and so many others! Never been a better time to start a consumer crypto app!

looking at different web3 social apps right now its easy to understand that most usage is still driven by speculation/expected financial upside 

some apps that build truly novel experiences get little traction because they propose little price action

but whenever we're past this phase, chances are that the trend will be reversed. at that point there'll be no difference between 'web3 social' and all other social apps. and providing superior content and novel experiences will be the only way

albiverse.xyz | 
mirror.xyz/albiverse.eth | /nervous host

if an app can have all the regular social stuff PLUS the financial stuff, why would the one with only regular stuff take over in your view?

Fun havoooooooor | Co-creator of the universe | FuckANiche.com | prev @forefront

because i dont think i value money when it comes to close friendship, the same way i don’t value how many likes they get. 

now like everyone i do appreciate someone’s status in society based on likes and wealth. but it’s another kind of use case. it’s like the social media vs social network divide. in social media you consume information about other ppl, in social networking you build relationships 

now this makes me think, apps that merge both will probably outcompete apps that don’t. it’s like instagram vs. be real. i think be real’s concept is more noble but it’s just a toy compared to instagram which has significantly changed the way we socialize

now i do think the financial aspect is overinflated now and will rebalance vs. others beyond this cycle

yea, saying it's overinflated is fair (tho, it's the side that's never been explored in any web2 apps so we're kind of at the frontier of exploration which makes it hard to not keep exploring)

as for not caring about money or likes because the context is "close friends".... idk that is necessarily the context. it's a part of it.. but you can't really have that many close friends so it doesn't scale as a use case for apps to build for

so an app that can grow and sustain itself in a hyper-competitive attention economy like this feels like one that may have to intelligently bring together these 3 aspects: social network, social media, social finance :)