9856
0xLuo

@0xluo.eth #9856

crypto-anarchist · onchain social explorer, curator, advisor · spread the FC gospel to the /chinese community · host /luo · write 0xluo.xyz
60195 Follower 1708 Following
Definitely one of the best crypto reports. Key takeaways about social:

less than 1% of daily active addresses are linked to social networking, yet 10.3% of crypto projects in 2024 are social-related, revealing a significant gap. and Farcaster stands out among the top 5 hottest builder subcategories.

still early!
The permissionless group chat platform @towns has finally launched. It previously raised a total of $51M in funding, led by a16z. Towns.com is built on the @buildonriver protocol, which consists of an EVM-compatible L2 chain, decentralized off-chain stream nodes, and smart contracts deployed on Base. This means you can quickly create chat groups (called towns) with end-to-end encryption for all messages, all without needing permission.

In terms of user experience, it looks a bit like Discord or Slack. Similar to other onchain messaging platforms, it supports gate access using tokens, NFTs, or specific wallet addresses.

In short, @towns claims to be permissionless, decentralized, trusted, and entirely controlled by the people who build on it, these are the reasons I'm excited to give it a try.
Checking farconomy.com, the FDV of the main tokens in the Farcaster ecosystem has rebounded to a quarter of its late March peak.

We are so back!
An app that tracks your whale friends’ activities or offers copy trading may not be new, but its easy token creation feature stands out.

and I'm especially excited about the roadmap for proxyswap.tips and proxyswap.social, with Mini-Apps pump.linkedin and thesis frame, and more. Can't wait to see what’s next!
As election day approaches, prediction market Kalshi.com also seems to be popular. What’s more appealing compared to Polymarket is its "Ideas" section. It offers a home feed showing comments from various events, creating an open space for sharing news and prediction analysis, giving it more of a social media feel.
nice Frame to Check Your Moxie Power by @dd8

Moxie has clearly cut daily emissions and diversified Far Score boosts like FanToken TVL, lock counts, and Moxie LP provision, increasing staking and easing selling pressure. These are positive measures, and as the Farcaster ecosystem grows, Moxie is also promising.
artrun.io started strong, with high hopes as a use case for Zora’s ERC20z standard through a pumpdotfun-like frontend. The first launch NFT was minted over 3M times, but after it ended, the token price dropped below cost and continued to decline, raising doubts in the community. What can we learn from this? 🤔
tring @memstagram built on /base. you can share memes like on poster.fun but it more focuses on memes related to memecoins, including AI-generated options with famous meme characters models.

the standout feature is that your meme could be selected for, or you can vote in meme battles to earn rewards onchain.
Love this update! It helps Twitter users get accepted by FC friends easily and quickly.

Even more exciting is the potential for an API from FC’s connection with Twitter, possibly integrating the two social platforms into a unified social graph layer for building reputation, incentives, social apps, and more legos.
I can already imagine some things may appearing on the new @unichain , like UniDrome, UniPump, UniFrens, and memecoins themed around $UNICORN🦄
Uvio Network is a onchain predictive market platform, it reminds me of Vitalik's previous idea of combining Community Notes with prediction markets.

While Polymarket is about asking questions, Uvio is about making statements.

It allows users to make statements about real-world events (Claims) and stake their reputation on them. This is a platform for those who seek to gauge their accuracy over time.

overall, it seems to be an interesting attempt at a prediction market outside of the many imitations of Polymarket, but I personally feel it lacks significant appeal for users. 🤔
congrats! Brian has married a wise and beautiful Chinese girl! She was a journalist at SCMP in Hong Kong and Reuters in Beijing. Her past articles on the politics and society of China and beyond are quite insightful.

https://jheconomics.com/china-vs-america-i-choose-both/
https://www.scmp.com/author/angela-meng
The real Farcaster native pump.fun is here! With One-click Cast Action, you can quickly turn your cast into a memecoin on @beliefs. After /tiser and /jamfrens, here comes another project aiming to tokenize casts. Of course, it can also tokenize tweets, TikTok, IG videos, etc, these are all interesting attempts. 👀
"Why do I need to scan a QR code with Warpcast to log into Farcaster?"

actually FC allows login with a custody wallet, but you'll need gas fees on OP. Previously, farcord.com and far.quest supported this, and now buttrfly.app has joined in. These show that FC is an open protocol, but broader adoption is still needed.
Since the new channels launched, casts in channels dropped from nearly 50% to around 20%.

This was expected, might because many realized they were no longer in certain channels and chose not to cast in a channel. and channel owners still need time to establish joining and management methods.
OK, the mainstream Lens client hey.xyz launched a Pro version for $5 /month, and now I can... yeah, change the icon to purple and tweak the font on my profile page. Seems like Lens client devs are also facing a survival crisis, trying to profit from a small user base.
excited to finally see the new version of channels with member-only casting! I woke up to find I’m no longer in many channels, but I'm really happy that so many friends invited me to join theirs right away.

Will the new channel creates a better cozy corner and bring better content? Let the new journey begin!
/jellybeans is an onchain social guessing game. At first, I wondered how it differs from Polymarket. Then I saw it's inspired by the classic "How many jelly beans are in the jar?", where the goal is to guess as close as possible without going over.

Well, this prediction is more difficult but also interesting.
I'm super based 🔵
@auri is another app that lets you quickly track your whale Farcaster friends’ token transactions, get updates on trending and richest people, and view their holdings and transactions, as well as trending and popular tokens.

I think it would be better if tools like this had improved notification features.
How is each cast displayed in the feed of third-party clients?

I think each client’s design serves its purpose. the update in Warpcast highlights the Channels for each cast, also showing only the username to make room for the channel name. Overall, I find the updated UI cleaner. (but I miss the past bookmark botton)
@drakula appears to have shifted from the FriendTech-like creator key hype to promoting memecoins through short videos. Users can recommend any Base token, with quick purchase buttons and a trending tokens menu.

Its effectiveness is unclear, maybe it could serve as a social catalyst for the upcoming @base season.
The hat stays on 🎩
Excited to see the encrypted group chat based on @xmtp and MLS (Messaging Layer Security) finally here.

I like what Shane once said: “Decentralized messaging is coming to be the only path forward as Centralized messaging apps continue to change their rules.”

That’s why XMTP is promising for future adoption.
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