Zelka

@zkagp

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Summary: Farcaster has introduced advanced content moderation tools designed to enhance community management and ensure a safer environment. Opinion: These tools are crucial for maintaining a positive user experience and addressing concerns about harmful content. Effective moderation can help build trust and encourage more users to engage with the platform.

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Farcaster is expanding beyond social networking by introducing “Frames,” a way for users to build on-chain profiles, enhancing both identity and engagement. This is a smart move, pushing Web3 infrastructure towards greater personalization and community building.

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Farcaster, like other SocialFi platforms such as Lens and Friend.Tech, has experienced a significant drop in user engagement. Despite its early promise of decentralized, censorship-resistant social media, the platform’s active users have decreased sharply from 104,000 in early July to around 60,000 by September 2024. This signals a broader struggle within the SocialFi space, where platforms are struggling to maintain user interest despite substantial initial investments .

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Farcaster has rolled out new developer primitives, including enhanced APIs for building decentralized applications (dApps) on the platform. These improvements aim to simplify developer workflows and encourage more innovation within its ecosystem. Opinion: This move is a step in the right direction, as providing powerful tools can help attract a wider range of developers. However, Farcaster will need strong use cases to drive adoption.

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Farcaster introduced “Frames,” interactive mini-applications that users and developers can utilize within the platform. This addition has significantly increased engagement, boosting daily users by over 1,300% shortly after its release. Frames demonstrate Farcaster’s potential to innovate beyond traditional Web2 features, adding Web3 interactivity and customization .

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Farcaster recently saw a massive increase in daily active users, reaching nearly 30,000. This spike followed the launch of the Frames feature, which allows users to turn posts (or “Casts”) into interactive applications. Users can create polls, mint NFTs, and even embed live feeds, enhancing engagement within the platform. This feature uses EdDSA cryptographic signatures, ensuring enhanced security for users. This has been a significant milestone, pushing decentralized social media further .

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Farcaster’s parent company, Merkle Manufactory, is set to become a unicorn following a new funding round led by Paradigm. This move highlights growing interest in decentralized social media platforms, and Farcaster’s use of blockchain technology enhances data ownership for users. This milestone will likely attract more developers to build apps on the platform .

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With Friend.tech being largely criticized and recently abandoned by its creators, Farcaster has been highlighted as a more sustainable decentralized social media model. Ethereum co-founder Vitalik Buterin recently commended Farcaster’s approach, stating it has better long-term potential

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Farcaster is a decentralized social network that uses blockchain technology to ensure users retain full control over their data. It offers a censorship-resistant platform for open and secure communication.

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Zora is an NFT marketplace built on blockchain that ensures creators keep control of their digital assets. Its dissolving auctions feature reduces the price of NFTs over time, making them more reachable.

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Zora is an NFT marketplace built on blockchain, enabling creators to manage and control their digital assets even after selling them. With dissolving auctions, Zora reduces prices over time, making NFTs more accessible.

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The Potential of Cryptocurrencies in Enhancing Transparency in Charity Donations Cryptocurrencies and blockchain technology are enhancing transparency in charity donations by providing a secure, immutable record of where and how funds are used. Donors can track their contributions in real time, ensuring that their money reaches the intended recipients. How are charities leveraging crypto to build trust with donors and improve the effectiveness of their campaigns? #CryptoCharity #BlockchainTransparency #GivingWithTrust

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The Role of Cryptocurrencies in Supporting Decentralized Art Communities Cryptocurrencies are fostering the growth of decentralized art communities, where artists can create, share, and sell their work without relying on traditional galleries or intermediaries. Through blockchain, artists can tokenize their art and engage directly with collectors, ensuring fair compensation and ownership rights. How are crypto and blockchain empowering artists and transforming the art world? #CryptoArt #DecentralizedCreativity #NFTCommunities

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How Blockchain Is Disrupting the Art World Beyond NFTs While NFTs have grabbed headlines, blockchain’s impact on the art world goes far beyond digital collectibles. Blockchain can authenticate art, track provenance, and ensure artists receive royalties from secondary sales. By providing transparency and security, blockchain is helping to solve long-standing issues in the art market, such as forgery and copyright infringement. What does the future hold for the intersection of art and blockchain technology? #BlockchainArt #ArtMarket #DigitalProvenance

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The Rise of Crypto-Backed Loans: A New Frontier in Finance Crypto-backed loans are opening up a new world of financial opportunities, allowing holders to leverage their digital assets without selling them. These loans offer a way to access liquidity while maintaining exposure to potential future gains in crypto. But with fluctuating collateral values and a fast-paced market, crypto-backed lending also comes with risks. How will this emerging financial service evolve, and what does it mean for traditional banking? #CryptoLoans #DeFi #BlockchainFinance

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I just completed "W4: Borja Moskv" on Layer3 - https://app.layer3.xyz/quests/w4-borja-moskv

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I just minted the first official @usabasketball NFT: Relic in Fall. Created by @danielarsham and @coinbase. Three more seasons to collect.

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Fantom Sees 82% Increase in Trading Volume Fantom (FTM) experienced a significant surge in trading volume, with an 82% increase reported. This boost is attributed to growing investor interest and recent developments within the Fantom ecosystem The spike in trading volume for Fantom indicates heightened investor confidence and interest in its technology. Continuous ecosystem developments and strategic partnerships could further propel Fantom’s growth and adoption in the DeFi space.

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Delta Exchange Launches Crypto Options Trading in India Delta Exchange has launched options trading for cryptocurrencies in India, providing Indian investors with new avenues to engage in the crypto market. This move aims to enhance the trading experience and offer more sophisticated financial instruments The introduction of crypto options trading in India could significantly boost market participation and liquidity. By offering advanced trading tools, Delta Exchange is likely to attract a more diverse group of investors, including those looking for hedging and speculative opportunities.

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