Seeing some misunderstandings and overreactions to Dan's recent casts, especially within the Chinese community. I spent the past few days writing an article to explain what's actually happening and review the trend of "walletizing the social, socializing the wallet".

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@paragraph introduced writer coins. @fredwilson.eth's @usv invested in Paragraph, so he launched his own writer coin $AVC on Paragraph. This is somewhat similar to Zora introducing creator coins, and Balaji invested in Zora, so he launched his own creator coin. but Fred appears to be taking the experiment more seriously. He wrote an article explaining his thinking and said he hopes to "drive the value of $AVC with my writing". I’ve always believed the onchain creator economy for writing has huge potential. Web2 has already proven that people are willing to pay for high-quality long-form writing through subscriptions on platforms like Substack and Medium, but these models still do not "properly reward or align writers and readers". Similar to Zora, Paragraph also introduced post coins before, although they didn’t gain much traction, possibly as people felt creator coins were better at capturing value. Now that Paragraph’s writer coins are live, they can work together with post coins to build an onchain creator economy where writers are rewarded for their work, and long-time readers and subscribers can share in the growth they helped create. I am curious to see whether coins can truly work on writing platforms.

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Welcome 𝕏 refugees to the (sufficiently) decentralized social network.

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Anyone still using Lens?

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just saw the news about hey.xyz, yet another /lens eco client saying goodbye. Only 2,000 of 850,000 Lens users subscribed to Hey Pro, generating about $4,000 a year, which wasn’t nearly enough for the platform to sustain itself. Earlier, @phaverapp also shut down, even after launching a token. So both monetization and token-driven paths have struggled for Lens clients. Lens as a social network doesn’t seem attractive enough to users, and each client fights alone, resulting in very small active user bases. When activity is low, paid conversions are even harder, and even tokens can’t maintain momentum. Meanwhile, Farcaster has over 1.2M registered users, and protocol revenue (registration + storage fees) is estimated to exceed $3M. Farcaster Pro launched only five months ago in June and already has over 50,000 subscribers and more than $2M in revenue. it's actually an impressive and rare achievement that’s enough to keep the project running. A key reason is that the Farcaster network has always followed a "product-led protocol development" philosophy, with a strong emphasis on the official client Farcaster App. The team kept shipping features targeted at crypto-native users, and at first targeted a small, high-quality user base that then expanded organically, fostered its own builder community, and incubated a thriving ecosystem. This foundation drives its growth in both users and revenue. Even so, building a self-sustaining client based on Farcaster is still not easy. The most important factor is PMF, building on top of Farcaster simply gives you an initial user base, not guaranteed success. But I believe that as Farcaster’s user base continues to grow, more clients built on it will have more opportunities to survive. I hope every product that sunsets leaves lessons for others, paving the way for more successful products to emerge. And I’m still optimistic about crypto social. We’re still early.

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❝ Jack Dorsey has funded a Vine reboot called Divine. ❞ https://popculturenews.com/vine-is-back/

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Bwt I didn't renew my X subscription, And don't wanna do ! I left IG because I couldn’t stand all the fake people showing off and screaming out their insecurities anymore. Lately, I’ve started feeling the same way about X , except it’s even worse. It’s turned into a place full of loud, bitter people who think having counts of followers and a timeline somehow makes them the source of right and truth nonsense words around. That’s honestly harder for me to digest than the fake glamour on IG. Believe that building a better social experience might actually be possible within just these 37 users.

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its fascinating that Sora will have something like @ampsfun inside for buying influencer cameos

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Crypto social are becoming alike, “Discover, Trade, Create” fits them all. 👀

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Found an instagram hack 😁

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Dijie gives social Roc (/faust) vibes Excited for more stuff like this https://x.com/jkelwn/status/1983632468721987642

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Check out this video I just published on @pinetree:

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Wow this very cool Pretty elegant solution to a problem that’s existed for a while with external content (people closing the loop on the initial discovery and capturing the sentiment there) https://x.com/nikitabier/status/1979994223224209709?s=46

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on tiktok formats https://x.com/nnnnicholas/status/1979367845994619036?s=46&t=1znVA-6f1LI1qvsp8w99Kg

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observations on tiktok https://x.com/nnnnicholas/status/1979360495137091982?s=46&t=1znVA-6f1LI1qvsp8w99Kg

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