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PRESS RELEASE. In today’s day and age, social networks play an immense part in people’s lives. However, some privacy issues and other concerns have surfaced and become problems that many centralized bodies have yet to address. Somewhat unexpectedly, the need for a decentralized network has emerged, leaving many to try and
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“Some of the core attributes of Web 3 – such as openness, decentralization and user control – are perfectly suited for a new type of social networking platform that’s optimized around the user. That’s the promise we see in Mem, and we’re thrilled to partner with them to help build
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Moreover, even though many blockchains claim to be able to handle thousands of transactions per second (TPS), this metric does not take into account the storage properties of the application at hand. There is a big difference between 50,000 DeFi transactions, which may generate zero bytes of new state data,
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Announced Tuesday at the Solana conference in Lisbon, Alexis Ohanian’s Seven Seven Six and Solana Ventures are committing $100 million to grow decentralized social media projects on Solana. Originally, the commitment was for $50 million, but at an onstage discussion, Ohanian increased it to $100 million. Source
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Blockchain has caused a paradigm shift that is redefining trust building and top-down business operations. And it comes along at the same time as other disruptive technologies such as artificial intelligence and the internet of things. As organizations and businesses adapt, they will face big issues that will require even
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!llmind is a Grammy-winning producer. He collaborates with artists like Beyonce, Kanye West and Lin-Manuel Miranda – it’s a long list.The secret to his success? A concept he calls “BLAP,” which originally stood for Beats, Love, Alcohol, Parties. He builds communities. This started back in 2007, in a Soho lounge
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“With a high performance blockchain like Solana, there is an unprecedented opportunity to fuse social and crypto in a way that feels like a web2 social product but with the added incentive of empowering users with real ownership,” Ohanian said in a statement. Original Source
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Following Vitalik Buterin’s call for more social application use cases on Ethereum earlier this summer, multiple crypto companies voiced intentions to build decentralized versions of mainstream social networks like Twitter. However, to create and view crypto-centered social platforms as merely decentralized versions of Twitter is shortsighted. The moral and technical
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The long-term plan of the Follow protocol entails developing Follow Protocol v2.0, establishing an artist alliance, releasing a variety of NFT collectibles and expanding its DAO, among others, as well as announcing long-term community-led governance rules. Follow is one of the key driving forces for the large-scale development of Web
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Social media continues to impact the cryptosphere, to such an extent that we recently saw a tweet from Elon Musk causing both FOMO and FUD. As a result, people have been making investment decisions based on what’s trending. The way in which people use social media in the crypto space, has
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