MetaWizard.eth

Investment Banking Analyst (GS/JPM/MS) | Ex-CSGO Pro | #MAYC 19794

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Emerald City (@flow_blockchain's 1st DAO) is the DAO of The Week!

See 👇 for how @emerald_dao and Flow Blockchain are disrupting the metaverse industry and world as we know it!
https://t.co/JYopC9kxrj

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Pretty sure verification could be done easily.

Dating app, Raya’s method of verifying insta accounts comes to mind. Same system could be used to deploy this.

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Prediction: A vampire attack on today’s social media networks (facebook, Twitter/X) will be what suddenly ramps the world on chain — to a blockchain-based social media network.

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This could be deployed by rewarding creators with network tokens by 1) initial sign up and 2) posting.

Initial sign up reward could be a function of the new user’s number of followers on other social media networks. This also solves bot problem (0 followers, 0 sign-up reward).

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Because if creators already post short-form video on all social networks, they would be happy to repost on yet another mildly popular one — especially if it promised the creator nearly 100% of the revenue it generated.

Comparable to Amazon’s GTM, undercutting comps’ margins.

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Market entry for web3 social network:

Creators Multi-homing, posting same content to multiple networks, is common today. Specifically with short form video. TikTok, Insta, Youtube, etc. share this market.

Hence, best entry for new sm network is short-form video.

Why?…

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Or look at what’s already being built @farcaster_xyz

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Reading @cdixon’s book rn. Quick thought:

If corporate networks (FB, Twitter) don’t let devs build on top of their social media platforms today, but blockchain networks replace them, enabling new apps to be built on social media platforms — what will those apps be?

Look to…

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Intuitively, one can probably look to past startups that tried building on top of social media platforms (FB, Twitter) before the dev support cut killed and start brainstorming from there

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Yesterday I learned that many startups tried to build on top of Twitter back in the day but then Twitter suddenly closed its dev support. All those companies died, VC stopped funding any company building on top of a platform — noting “platform risk”.

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@mattshumer_ Curious — how do you have the AI pay for your bowl? Do you use your personal? Do you think their is a need for virtual credit card dedicated to your AI so you can manage those AI-purchased expenses?

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Thoughts on everyday pmts:

Today, we carry around an IOU card. This is because we don’t want to carry around cash (paper money).

With crypto, we can finally walk around with cash again.

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@mattshumer_ Just “Hyper” — should be one word, go hand in hand w the brand, and easy to identify audio-wise if thinking of making it a voice assistant in the long term

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7/ Despite these challenges, the potential benefits of decentralized identities are significant. By giving users control over their identity information, DIDs can help reduce the risk of data breaches, protect privacy, and promote greater user autonomy.

[MetaWizard.eth @MetaWizardETH]

1/ Decentralized identities (DIDs) prioritize user privacy, security, and control. DIDs are decentralized, meaning that users can own and control their identity information.

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6/ Another challenge facing decentralized identities is user adoption. There is a need for user-friendly interfaces and tools that make it easy for individuals to manage their decentralized identities.