SocialFi

Interesting what's happening with memecoins around social finance

Orb has $BONSAI

Farcaster has $DEGEN

Both have the same core idea but execute differently

What's good about each strategy?

Building @metasuyo & @cryptoamigos
Decentralized Storytelling x Learning DAOs | Web3 for Impact

I love the continued evolution of experimentation.

But there should be serious concern about a mechanism that rewards insiders & encourages them to distribute if the goal is “decentralization”—such a system will reproduce inequities & make barriers to entry much higher for newcomers over time