725
sahil
@sahil #725
onchain reputation at karma3labs and @openrank
9009 Follower 318 Following
my excitement about what im working on — economically viable crypto social communities on farcaster — is best described by my fully animated self expression 😬
another great chat with @humpty on this topic. He’s leading the way on unlocking a great economic model for channels.
another great chat with @humpty on this topic. He’s leading the way on unlocking a great economic model for channels.
within the first week, a bunch of channels already started using Cura to create channel wallets, launch channel tokens and reward users via channel leaderboards!
another channel economy kickstarted
/anime-manga launched $ANIME for the community.
some early economic flywheels brewing for channels:
post bangers --> earn tokens
channel token trading --> channel revenue
launch clankers in channel --> channel revenue
get from token communities like $degen --> distribute to channel leaderboard
/anime-manga launched $ANIME for the community.
some early economic flywheels brewing for channels:
post bangers --> earn tokens
channel token trading --> channel revenue
launch clankers in channel --> channel revenue
get from token communities like $degen --> distribute to channel leaderboard
As tokens proliferate, fair launches are getting better, but we’re going to start seeing an era of ‘fair launches and fair rewards’.
Incentive alignment is the real draw in building and sustaining open communities. It is what makes crypto social differentiated (and better!)
give @dharmi a follow! he unpacks the concept in this chat with @humpty
Incentive alignment is the real draw in building and sustaining open communities. It is what makes crypto social differentiated (and better!)
give @dharmi a follow! he unpacks the concept in this chat with @humpty
100+ channels now have their own channel leaderboard
post a picture of you from a different era
/nature channel had automatic weekly rewards in $NATURE via the channel leaderboard today.
channel entrepreneurs like @jonathancolton are exploring cool ideas for using their channel token for curating content, membership and incentives.
channel entrepreneurs like @jonathancolton are exploring cool ideas for using their channel token for curating content, membership and incentives.
channel economies are taking shape...
/cryptosapiens channel automatically sent out weekly rewards with $CABAL using their Channel Leaderboard. 1-click claim using v2 frames
channel members get rewarded <--> channel wallet receives trading fee from token
/cryptosapiens channel automatically sent out weekly rewards with $CABAL using their Channel Leaderboard. 1-click claim using v2 frames
channel members get rewarded <--> channel wallet receives trading fee from token
each channel gets their own leaderboard, rules, rewards!
add the @curabot frame and checkout the /anime-manga channel leaderboard
add the @curabot frame and checkout the /anime-manga channel leaderboard
Jonathan just launched $NATURE to build and grow the community for /nature channel. lots of cool experiments started for channels :)
The channel wallet will start accruing fees from $NATURE and allow many ways to build social and economic utility for the channel and its members.
The channel wallet will start accruing fees from $NATURE and allow many ways to build social and economic utility for the channel and its members.
v2 clanker scores coming soon
showing recent hot clankers based on buyer, holder, creator reputation.
cc @proxystudio.eth @dish @deployer @nt @tomu @mikedemarais.eth
showing recent hot clankers based on buyer, holder, creator reputation.
cc @proxystudio.eth @dish @deployer @nt @tomu @mikedemarais.eth
this was a great chat with @humpty. we talked about how to grow, curate and tokenize channels and communities.
I think the big insight is the emergence of 'community entrepreneurs' via farcaster channels. channel moderators don't need to just 'moderate' a channel like a sub reddit mod. they can start experimenting with an economic flywheel for their channels with leaderboards, frames and tokens.
I think the big insight is the emergence of 'community entrepreneurs' via farcaster channels. channel moderators don't need to just 'moderate' a channel like a sub reddit mod. they can start experimenting with an economic flywheel for their channels with leaderboards, frames and tokens.
my take - Channels don’t need MM/Warpcast to grow.
The legos to drive 10x growth/engagement within a channel are already there:
- signups are permissionless, invite flow is getting better
- frames already allow you to build channel apps and experiences
- many channel moderation tools are available
- use things like @curabot to curate algo feeds, channel leaderboards, distribute rewards. You can use frames for creating better form factors for your community, don’t need to rely on Warpcast feed/algo.
- launch tokens for channel members, reward fairly.
The challenge for channels is not lack of tools or decentralized creation/ownership. A few motivated channel entrepreneurs will show how to drive growth in channels using frames, tokens, onchain transactions, curated feeds and bots. And then everyone will follow fast.
agree with @dwr.eth on this “We need 100-1000x more posts in channels before you can consider channels to be something like reddit.”
The legos to drive 10x growth/engagement within a channel are already there:
- signups are permissionless, invite flow is getting better
- frames already allow you to build channel apps and experiences
- many channel moderation tools are available
- use things like @curabot to curate algo feeds, channel leaderboards, distribute rewards. You can use frames for creating better form factors for your community, don’t need to rely on Warpcast feed/algo.
- launch tokens for channel members, reward fairly.
The challenge for channels is not lack of tools or decentralized creation/ownership. A few motivated channel entrepreneurs will show how to drive growth in channels using frames, tokens, onchain transactions, curated feeds and bots. And then everyone will follow fast.
agree with @dwr.eth on this “We need 100-1000x more posts in channels before you can consider channels to be something like reddit.”
AMA about @curabot, channels tokens, leaderboards, and channel v2 frames on wednesday 9am-10am PT. drop questions in comments :)
happy to share more on:
how cura uses openrank to create a channel specific reputation system and leaderboard
how should we grow communities on farcaster via channels, frames, agents and tokens
how to best use channel tokens for community building
happy to share more on:
how cura uses openrank to create a channel specific reputation system and leaderboard
how should we grow communities on farcaster via channels, frames, agents and tokens
how to best use channel tokens for community building
great use of channel tokens for rewarding /cryptosapiens communities across different platforms. 5000+ users getting rewards is cool :)
gg @humpty
gg @humpty
this is alpha :)
another great example - activate your channel leaderboard and issue any token/rewards to top users.
/football channel is going to automatically distribute $degen from channel wallet to top users in the channel.
@jacek $degen can partner with channels/communities to reward most contributing users automatically.
/football channel is going to automatically distribute $degen from channel wallet to top users in the channel.
@jacek $degen can partner with channels/communities to reward most contributing users automatically.
great thread, full of radical candor.
agree on many things mentioned about FC
'it’s about crypto, devs, tech & markets'
'devs should NEVER churn from fc; every dev in the space SHOULD WANT to be here'
fwiw i discovered @itsbasil's thread via the warpcast rewards frame, so some things are working 🙃
agree on many things mentioned about FC
'it’s about crypto, devs, tech & markets'
'devs should NEVER churn from fc; every dev in the space SHOULD WANT to be here'
fwiw i discovered @itsbasil's thread via the warpcast rewards frame, so some things are working 🙃
/cryptosapiens channel wallet already earning $$ fees, which can be distributed to top users on the channel leaderboard.
a potential economic flywheel for the community
a potential economic flywheel for the community
1/ After helping hundreds of channels through Cura @curabot, our conviction is stronger that channels need help in building, bootstrapping and growing their communities. We're now combining all the legos — channels, frames, agents, smart wallets, tokens and openrank to give each channel their own autonomous AI agent, which will:
- Launch channel leaderboards and automatically reward users for quality contribution
- Launch channel wallet and tokens that power the channel economy
- Automate channel membership
- Surface curated and algorithmic feeds for your channel
- Launch channel leaderboards and automatically reward users for quality contribution
- Launch channel wallet and tokens that power the channel economy
- Automate channel membership
- Surface curated and algorithmic feeds for your channel
/cryptosapiens just started a great experiment for channels ($CABAL)
- launched a channel leaderboard (v2 frame) that ranks users based on quality engagement
- created a smart wallet for the channel/community
- launched a channel token using the channel wallet
- airdropped early contributors of cryptosapiens channel tokens
exciting to see some more things play out:
- recurring revenue for channel from channel token liquidity pool fees
- using channel tokens for membership, curation and incentives to make /cryptosapiens a sustainable and aligned community
- allow other token communities to reward top ranked users of /cryptosapiens
- launched a channel leaderboard (v2 frame) that ranks users based on quality engagement
- created a smart wallet for the channel/community
- launched a channel token using the channel wallet
- airdropped early contributors of cryptosapiens channel tokens
exciting to see some more things play out:
- recurring revenue for channel from channel token liquidity pool fees
- using channel tokens for membership, curation and incentives to make /cryptosapiens a sustainable and aligned community
- allow other token communities to reward top ranked users of /cryptosapiens
great to see /cryptosapiens transform their channel into a thriving and self-sustaining community.
Cura's channel ai agent will give the channel its own leaderboard, channel wallet, channel token and an autonomous and fair way of distributing rewards.
its not difficult to imagine each channel becoming its own client, tokenized community with its own curation, tokens and incentives.
Cura's channel ai agent will give the channel its own leaderboard, channel wallet, channel token and an autonomous and fair way of distributing rewards.
its not difficult to imagine each channel becoming its own client, tokenized community with its own curation, tokens and incentives.
running out of testing memes