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balajis
@balajis.eth
Making Farcaster useful Imagine each NFT community had a group of mods. And when those mods like your post, you get a custom NFT. Now each community can optimize a different metric besides popularity! For example, in a proof-of-workout community you must post workout selfies to earn workout credit NFTs. @dwr.eth @v
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balajis pfp
balajis
@balajis.eth
Other ideas for useful NFT communities 1) proof-of-skill: complete a technical exam in a given area to earn a proof-of-skill NFT. 2) proof-of-diet: post videos of eating healthy food to earn NFTs & get social reinforcement. In each case moderators review the submissions, maintain the leaderboard, and award the NFTs.
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balajis
@balajis.eth
The fundamental shift is from spending millions on one NFT to sending millions of NFTs for one dollar. This is now easy on Solana with compressed NFTs but may be feasible on Ethereum too. An NFT is then a collectible — a free little digital tchotke, similar to a like. People earn & award billions of them each day.
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Adam
@adam-
How is this different than a POAP?
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kompreni 🚂
@kompreni
Agree with the inversion. Doing something similar on Polygon but working w/ brands as issuers because they have existing attention to backstop value and don't have cold start problems.
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