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Why Decentralised Social Networks Will Outlive Web2 Giants
Recorded: Aug. 8, 2025 Duration: 0:53:54Space Recording
Short Summary
In a dynamic discussion, crypto leaders from JoinEcosystem, Affi Network, M3DAO, and others explored the future of decentralized social networks, innovative token launches, and the importance of community engagement in driving growth and adoption in the Web3 space.
Full Transcription
Thank you. Thank you. Hello, welcome everyone to today's spaces.
GM, GM everyone.
Oh, everyone is having a fantastic Friday, and Friday, which remains a weekend too.
We are waiting for a few more guest speakers as well as listeners to join in, and then we can definitely kick off this another amazing session.
But so far, we are joined by Star System Labs.
I have also tried to send an invitation to M3DAO.
We also have our founder Dave, who's on the one of our team member Dave
from join ecosystem team.
So totally looking forward to having this wonderful Twitter space as long as
we are joined by other speakers just as a heads up and three Dow team I am trying to send you guys
a request to come up on stage but I think you should leave the space and join again because I am not able to send you an
Invitation to speak or either you have to send us a request
Come up on stage
Because we are totally looking forward to having all of our amazing speakers
once again everyone if you are listening to us feel free to like and retweet space so we can
have one more more and more speakers um coming in the space and really excited to having everyone
in here today as we are opening up another amazing friday evening but in the meantime
um i would like to accept everyone including affi network so that they can come up on stage and you
know we can get this started but in the meantime uh let me give you guys a brief introduction of what we are building at JoinEcosystem.
So initially we are building a marketplace of ideas, connectivity, gaming, social, payment,
recruitment, and entertainment through this Join.app that we are building, which would
be a cool intersection of social FI and game fi and we have been building this
project since 2022 and we have an amazing team who's working 24 7 to um ship the products as
soon as possible and as we are speaking we are also currently in our waitlist stage so if you
go to our website thejoin.io you will be able
to have a chance to join to our current waitlist soon we are also going to open up our public beta
for the joined app but yeah i think you know we are now you know we can now start the space i think
i'm not sure whose dnihao is from but i would refrain from having
another speakers that we are not expecting but uh yeah thank you so much everyone uh thank you so
much to all of the guest speakers for joining us today and i would like to give us the say you know
speaker to each and every one of you one by one so we can start off with the introduction. I would like to request to keep your introductions as short as possible so we can, you know, enjoy
the rest of the session, so to speak.
So let me invite, first of all, AFI Network to come up on stage and share with us what
they are building, what their project is about.
And yes, AFIi network mike is over to
you yeah thanks so much thanks so much gm everyone my name is pinaki uh founder and ceo at affi
network affi network is a crypto based loyalty platform very simple we work with web3 businesses
and web3 crypto projects and helping them to build their loyalty programs and roll it out. Right now,
we have a promotion that's ongoing. Very simple. It's over 50% off. Anyone's interested,
please feel free to reach out. We're basically activating campaigns in September. So if you're
looking to reward users with crypto, you know, for on-chain actions, social actions, educational
actions, feel free to reach out to us.
I'm very excited to be here today.
I look forward to chatting more about decentralized social networks.
Amazing.
Thank you so much, Finaki, for joining us today.
And let me now give the microphone over to M3DAO.
Hey, guys, thanks so much for joining us.
How are you doing today?
Okay, thank you so much here's player from m3dao and very happy to be here so yeah to give a quick introduction from my side we are a huge incubation team and also we are a community-based incubation
which means we have over 100k people globally, and they are very
active users. And we work with projects, we help projects with the community expansion, and also
we have very good connections with top-tier exchanges, like you guys know the top 10,
including Korea Exchange. Yeah, so we used to help the products to get listed.
And also we help the products to drive more community in
to help to build the product bigger and bigger.
So many of our members in our community are very happy
to work with the products we are working with because there's
how they make the money from.
Yeah.
So once again, very happy to be here and well, always welcome to reach out to M3DAO and also
like to follow us on Twitter and looking forward to today's topic.
Amazing.
Thank you so much for the quick introduction.
We are totally looking forward to having amazing spaces with all of you. Now, let me give the
microphone over to Star System Labs. Hey, guys, how are you doing today? Hello, my name is George.
I'm the founder of Red Star System Labs. We're focused really on building a meme infrastructure upgrade.
We're trying to bring yield to memes currently via a mining phase
that kind of onboards everyone without VCs or whitelisting
and it's well-proof into our initial token
and a DAO- based infrastructure that is allowing other
meme coins to be integrated with the end result being a dividend that pays out in Bitcoin so
we're just kind of trying to bring actual liquid to the meme I guess infrastructure for real on
top of that we have aggregators, swap systems.
We're chain agnostic.
All this is in the works.
I mean, we're pretty public.
We have our white paper and docs out on our website.
So you can kind of see what's going on there.
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we are like we are more of
our trading platform we are currently like in the phase of doing some AI things at the same
time like helping the community to grow make money we are currently listed and we're the
more open for partnerships with different projects so if you guys want to partner with us feel free
to chime in and do our chance more than happy to partner with you guys want to partner with us, feel free to chime in and do our chats.
More than happy to partner with you guys.
Thanks.
Great.
Amazing.
And now let me give microphone to Dinao.
I'm not sure if I pronounced that name correctly, but they seem to be from any network.
Yeah, of course. Thank you so much. You can call me D
It's great to be here today. Yeah, my name is D
and I'm presenting any network and any is a
next-generation high-performance blockchain designed for real-world capability and adoption and we combine advanced
consensus mechanism with parallel processing to achieve both speed and security without scarifying decentralization.
And our main visual is simple.
It's to give developers and businesses and communities the tools
they need to build without limits.
And we believe that Web3 is about rethinking how ownership value and trust work on the digital world.
And I'm excited to share our perspectives on how decentralization can transform the way we connect and create and
collaborate together yeah thank you so much amazing amazing thank you so much once again
to each and every guest speaker i think you know the topic is also indeed interesting one
because as after um elon musk took over the axe i I think the spaces as well as the whole platform itself is also evolving because, you know, all of the incentive program that has been going for the rev share, the more you get exposure to the platform itself, the more, you know, chances for you to become part of the revenue share program increases which is kind of like
really cool especially for creators in this platform and the same thing that we are also
going to do with join but i think you know today's space is more like you know discussing ideas around
how you know how exactly in the decentralized world um that will live and operate and especially how it is
becoming more and more far away in terms of its infrastructure, in terms of how, you know,
people create content around it and how they can get incentivized for those contents and, you know,
for all of the efforts that they put in terms of scaling the platform as in general.
We don't really have any strict agenda, but I would like to prepare and throw around some
questions or topics and pick up each and every one of your brains so we can make this space a
bit more interactive. So my first question would be how does the on-chain ownership
and identity um redefine the social media experience especially in the web3 space so
how do you see the on-chain ownership and identity could you know redefine the experience of today's
social media tools or platforms um so this is definitely free flowing
space feel free to raise your hand if you would like to you know contribute to the topic being
discussed or if you want to you know provide or jump in in any point of point in time to you know
sort of chime in with us um but uh yeah if anyone want to open up the you know thoughts then feel free to you know
unmute your mic and we can you know take it from there for sure raffinette go ahead
yeah absolutely so so i'll touch on the ownership side and you know with web2 social networks you
know what we're used to is you know very centralized systems that are controlled by
social networks like you know facebook or instagram nothing used to is, you know, very centralized systems that are controlled by social networks like, you know, Facebook or Instagram. Not saying that they're bad, right? But, you know,
there is a certain level of censorship, you know, certain parts of, you know, so I'm based in Thailand
and here, you know, there's certain like laws, right? Less majest, for example, and there's
censorship, right? And I'm not saying that, you know, there should be or there shouldn't be. But, you know, what decentralized social
networks enable is freedom of speech, right? And this became a big topic, became very popular when
Elon Musk took over X as well, right, is, you know, you know, he's bringing free speech back,
right? And this is something that decentralized social networks you know push and yeah i think
with regards to that you know we should also expect to see less ads um in you know decentralized
social networks because now users actually uh you know have more ownership right and and ownership
in the sense that they own you know the content that they're creating. And so if the social network, for example, were to have ads,
then the creator will receive a portion of those ads, right? Or potentially the creator will be
incentivized as part of the creator economy to produce some form of user-generated content
to benefit the brand, right? So I'm touching upon this from an angle of the creator economy.
So prior to this at AffiNetwork, our venture builder brand face, we work with nano influencers, working with brands like Decathlon.
And that's kind of what led us towards building within AffiNetwork was we could actually solve a lot more problems using blockchain technologies, but more so bring a lot more transparency and ownership to all the users in the network.
So this is a very exciting topic.
We're not necessarily building a social network ourselves,
but we're very building an adjacent to this space.
So yeah, that's my take on it.
Amazing, for sure. I think, you know,
what you guys are building at the end of the day also lets user have part of
this incentive, you know, that projects essentially want to, you know,
offer them as, as, as a part of the support, right.
Which is really interesting for me at least for sure.
And thank you so much for once again joining us.
Yeah.
And is there any other speaker, you know,
that want to discuss on this topic,
like how incentivization can,
especially in the decentralized on-chain ownership
and identity can redefine the social media experience
or, you know, if you see any relevance of what you guys are,
what you are all building, feel free to open up your speaker.
Oh, yeah, go ahead, Dee.
Yeah, I would like to add on this point so it's like um when your identity and content like
stored on chain you truly own them and no company can take them anyway and
utter them or decide who can get to see them and this actually would change everything
and instead like of being trapped in one platform's ecosystem,
you can move freely between apps and taking your profile and your followers
and your content with you.
And also, it builds trust.
In Web 2, you are borrowing space on someone else's platform and in web 3 you are like
the owner of your digital
presence
and this ownership
gives people confidence to invest
more time and creativity
and efforts into like community
they care about
yeah this is my point
for sure for sure
I'm sorry now do you guys want to speak up on this you know topic So, yeah, this is my point. For sure, for sure.
Amtri Dao, do you guys want to speak up on this topic?
Yes, for sure. So, for my side, what I see is right now, there's a trend of decentralized social media,
social media, which is very similar with the apps we are using, like WeChat or Instagrams
or like even Twitter.
So which means what's decentralized, like in our crypto industry, more people are building
something who actually have real usage and the usage can impact influence
daily life like even a very small single thing even you can use the apps to to pay deliveries
so as long as the app have some usage people will join in and people always looking for more secure and more efficient way to make payments,
to make some value out of it.
So here it comes to decentralize.
So definitely decentralized social networks is going to emerge into our life deeper and deeper.
into our life deeper and deeper.
And of course, more money will be put into
to build more either like products
to make our whole industry
like cover the previous web 2,
like to use web 3 to refresh the old web 2.
So that's why I always believe
decentralized social networks
is going to grow
rapidly and it's a very good time to find some uh find some good projects to enter in the early stage
thank you yeah interesting you know i i guess you know as as we got into like crypto space and as
as the space started to mature so there's a few concepts that we have seen like crypto space and as the space started to mature.
So there's a few concepts that we have seen like socialify, infoify,
you know, with everything that's going around Kaito and how people are essentially farming the mindshare
and, you know, using that as a way to incentivize
all of the people that create high quality content.
And then, you know, essentially bringing more eyeballs to the project,
which is, like, really interesting.
And I think, you know, it would never have been possible
without the, you know, Web3 space and especially the blockchain.
And I guess at the core of it, the community support that,
you know, each and every project needs, right?
I think, let me ask over this question to Star System Labs, because you guys seem to be, you know, each and every project needs, right? I think, let me ask over this question to Star System Labs,
because you guys seem to be, you know,
building around utility for meme tokens.
And I guess memes are like one way to create that cult
and that centralized, not centralized,
but, you know, that central trust layer
that we can call it community, right? So I would really love to hear your take on this. centralized, not centralized, but that central trust layer
that we can call it community right.
So I would really love to hear your take on this.
Star System, can you hear us?
Hello, testing?
Yep, yep.
I think there's a connection issue.
Well, regarding the meme infrastructure, I mean, it essentially was...
I noticed the problem when I saw Pepe spike in a massive market cap, and then a lot of people, let's say, bought some, let's say $10,000,
and then they had millions of dollars worth, but they couldn't anything with it if they sold it crashed the price and as you know with Uniswap with the whole curve
You don't actually get the price that you see there every token lowers the actual, you know value hence the slippage rate
so of
There has to be vehicles on things that could be done with the money made with these memes other than dumping because then it's nothing
Nothing different than a Ponzi scheme or penny stocks. So real finance aspects
of like Compound, Aave, things of this nature as I was trying to bring into memes, something where
you can park the money somewhere, gain a decent yield on it in a buffer asset. And then this buffer
asset can be used to funnel down into a dividend that just
pays out in liquid which is wrapped bitcoin but i mean there's other vehicles too like we have the
um the meme focus swap mechanism as well that pays cash back so as you trade uh your memes let's say
on the occasion that you do trade your memes which we don't really you know encourage we say gain yield on them you can actually gain cash back on the ETH you spend in our swap mechanism and so it's just it's trying
to take these assets that have so much money in them now and no place you could say because they're
too volatile for systems like compound to really integrate directly so they
needed some sort of buffer and a dow system which i didn't even breach into the dow which is
community controlled by the dividend but um i'm not sure if i have any extra time to speak on that
because i don't want to just take over this whole space no but it's's really interesting because I personally haven't seen the formation of a DAO around a meme coin project.
And recently, I think FOM.FUN announced this Glassful Foundation, which is, of course, it's a bit far from DAO.
But at the end of the day, it would also elevate the core cult and and so to speak like the community factor right
um we are sure i think you know it's a great take yeah building building off that exactly as you said
it's difficult to make a dow for meme coins so the the structure i had thought of uh is essentially
dividend holders one vote per address.
It's not based on balance.
You may have some other mechanisms that might give you slight advantage to your voting power, maybe 1.5 times.
But effectively, it's one vote per address, as it is fair in all voting systems.
And then, because you don't want some guy with a lot of money to outvote you, that's just simply not fair.
Because you don't want some guy with a lot of money to outvote you.
That's just simply not fair.
And then the way the DAO is structured is that you can essentially onboard any meme token.
Anyone that has the dividend can do a proposal.
There is a triple proposal structure, which you can control many factors because it deploys a pool.
Feed-a-stake LP tokens, vests the meme tokens.
So essentially the people that do the proposal can control all these variables.
The yield, the synergy boost, the whale dampener,
there's all these different variables that the community can really control
for each and every meme that gets integrated.
And let's say in the future a meme coin gets a negative rap
or the developers dump on it or something,
the coin itself and its pool can be frozen or removed from the system itself.
So, I mean, the difficulty is dealing
with the volatility of memes,
but I think that with the ability
for the community to correct course
and with the ability for the community
to actually make the proper decisions,
like I have no control once the DAO goes live.
It's essentially all automated.
So, yeah, community first i guess
is uh something that's lost on modern projects anyway apologies i digress
no worries at all this is you know indeed a free-flowing space uh but you know because we are
speaking about the community right so i guess all of us you know who are on the you know, because we are speaking about the community, right? So I guess all of us, you know, who are on the, you know, main stage or can call speakers.
So how, you know, with the, as the space is evolving and with all of the new concepts like social, info, so how do you see yourselves building the community that you need?
Because right now we are scattered across too
many mindshare factors um there's too many concepts um too many you know micro verticals
so to speak so how do you differentiate your ideal community members or users um as we are
getting into this almost saturated space of, you know,
totally almost chaotic and sometimes overwhelming mindshare.
And how do you take that effort to build your community on that?
Well, it's quite simple.
I don't I don't think that we're directly competing with anyone.
We're actually
a support project for all projects. Any community can be involved in our community. There's technically
no restrictions. The whole point of this endeavor is to give the users the ability to empower
the assets that they choose. So, I mean, we're chain agnostic.
The technology is going to be deployed on nearly every EVM that's there.
We have Solana planned as well.
So, I mean, as far as how communities go, we just simply help them.
We offer help.
That's really the whole point of the project,
consolidate everyone's care for memes, I guess you could say,
in one effort that the community can control.
And then really consolidated everyone's funds in a way where people can kind of make APR rates as you would with your asset balance sheet or whatever you invest in your investment portfolio.
So really, it's just more agnostic than most projects are.
We're really set up to support everything else.
Interesting.
So M3DAO, how do you guys see yourself building that special community that you need as we are getting into this, you know, all saturated space of a bunch of different um projects
thank you that's a very good question um actually we've been already worked with a few pro a few
projects like in different sector with the payment solutions gamefi nft d, and also memes.
What we found is because we are a community-based DAO and we help incubate,
we actually hear very detailed ideas from community.
We listen to the community.
And what we found is
Community actually they all looking for some
good good, I'll say like
some good either like the price the price
Outlook of the whole chart or
some good technology behind the projects that give them
the power to keep holding the token. So those are the main things of the projects and those are
main things we are helping projects. So as we are going to more decentralize of course
more possibilities different narratives of the projects coming out and especially we see this
year rwa and ai is very very hot and on the hot trend. And of course, more projects are trying to build more,
for example, let's say RWA
to put some different countries' assets into RWA.
And I even saw a project put the study loan into,
put it into the RWA and make it make it as a product and also some you know some
trading uh trading groups they work with the uh exchanges to get the uh to get the refund of you
know transaction fees and put that into the rwa so very much of fun things going on here. And what we do is we find the pain point of the community.
We find what they are looking for exactly.
And we use our resources to make it happen.
For example, the community are looking for the token price
has a very good performance.
And what they need is good fundraising, good backing resources to make the product solid.
And there we go. We find them. We have find the solid capitals to do the backer for products.
And if the community asking for like top tier exchanges, and there we go we we use our pipelines we help the
products to meet criterias and to send it to uh to the good platform and then there we go more
people will trust in us and they will all all uh see the token price keeps going and it's worth to
working price keeps going and it's worth to to be invested so that's how we expand our community
and how we work with the projects so that's a very big business to do lots of work different but what we believe is works are done by people it's take time and take energy
but you will always get some result on it and find that the good projects the the one worth
our we put into effort in and of course we will put 100% of our resource to help the projects grow.
Yeah, so in this way that's how we expand our community in the decentralized social networks.
Great.
No, it's an interesting take and for sure, thank you so much for sharing that.
And I think I would like to now pass the microphone to AffiNetwork.
I do believe they are more like a B2B product,
but I guess at the end of the day,
because they are building in Web3,
community is always, you know,
the most user-centric approach.
Yeah, absolutely.
You're right.
You're right on that.
You know, it's a bit tricky, right?
We're B2B, and so we're speaking to businesses,
but at the same time, you know, Web3 lives on community.
And it's very important for us to also be community-facing,
have a nice presence, you know, actively, you know,
post content and let community know what's going on.
You know, when we did our test nets,
we had communities, you know, members involved.
And so, yeah, we had over 2,000 members involved
in our public and our private test nets.
And then we also participated in a decentralized voting
that was on an external community.
So that was on Magic Square,
which essentially is like a decentralized app store
for those who don't know.
And so we also did a voting system there just to kind of give us a validation on our app that we're working on.
So, yeah, I think the community is like, you know, definitely very important within the crypto space, right?
You have a token, you're building a DAO.
You know, it's extremely important to enable your community with, you know, incentives.
But at the same time, you know, it also needs to make sense.
But then now I guess we're getting into tokenomics, which is a whole other topic. But that's really what crypto is all about, right? It's like, you know, you now have tokens and
now you can enable your community to, you know, to do things with those tokens. You can incentivize
them to do things like, you know, simply it started out with like defy things right so if you if you stake your token right or if you park your token here
for a certain amount of time we'll give you some more token right so in in return and so that's
just kind of getting taken like a little further now right so what else could we get people to do
right could we get them to also create content, to post content, to, you know, transacts, to vote,
to do a survey? But yeah, one thing that's really, I try to kind of keep in mind is to stay away from
the whole narratives, right? The thing about chasing narratives is that we're always going to
be one step behind if we're chasing. So I think the key is just really build value for the customer.
And then, you know, that's your community, really.
And your users become your community.
And you don't have to try so hard.
And I feel like the guys that are trying too hard,
regardless of what happens,
the participants are not going to stick around
because they don't care enough they're not invested right so um loyalty is the tricky
thing right like the people actually need to care as well so how do you actually get them to care
right and that comes around you know positive interactions with each other whether it's
in person or you know online or whether they actually genuinely care about your product
and use it every day, right?
So just ship good things and yeah,
that's how you can grow your community.
So for us at AFI Network,
we're very focused on building our tool, right?
That's something that we're doing
another release in September.
We're very much excited to do a push with our new update with a whole bunch of projects lined up.
So if anyone's interested to join this round as well, just let us know.
We're happy to give you a personalized demo to let you see exactly how our tool works.
And also do see a few other projects in here that do work
with other projects.
And so there could be some synergies and cross pollination.
So I'd be very happy to take this offline as well.
Yeah, absolutely.
And that's also one of the reasons we host these spaces.
And I guess, you know, everyone in this space does because it's more like our networking
tool rather than, you know, I mean, at the end of the day, like, you know, promoting your project because
if, you know, we wouldn't be here if the initial push from, you know, the OG projects like
Ethereum and then Solana, they didn't build communities and they didn't use that as a
network effect to invite other people and let them use the stack to build the tools and apps and the protocols, we wouldn't be
here in the first place.
So all thanks to the network effects of the whole community in general.
But let's say this one could be a bit tricky for you know the other some of the you know
speakers or i'm not sure if it wouldn't be so which community do you currently like the most
and if you were to bet your next you know ten thousand dollars on any particular community
except for what you are building personally so what would that project be looking like? And how would you value that bet?
Like what sort of norms would you put your 10,000
on a different community rather than yours?
So let's maybe start from Star Systems Lab.
I'm sorry. I'm having some connection issues I think I might have to rejoin. You were breaking up a little bit there. Hold on. Apologies. Yeah yeah
sure for sure I guess in the meantime we can ask this question to M3DAO. Yeah
yeah but pass me.
I'll cycle back to be the last one.
I'll just reconnect and I'll request speaker.
Apologies for this.
No worries at all.
So, yeah, for sure, M3DAO.
Go ahead.
Well, thank you.
But what they have to say that I have to leave a little earlier.
There's something, another meeting, like a schedule, like five minutes later.
Yeah, but thank you so much for invitation and very happy to be here
and looking forward to be into your space again next time.
Thank you, guys.
Thank you for everyone's listening.
For sure.
Thanks so much for, you know, being with us.
Let me again accept the
invitation from star systems labs can you guys hear us now in the meantime I
can also throw the question to Dee from yeah okay can you please repeat the
question yes for sure so if you were to to bet 10,000 USD on any other community except for yours,
which community would it be? And what would make you so confident to bet your 10,000 dollars
on that particular community and the way they are scaling.
Oh, you are muted, by the way.
Yeah, yeah, yeah, of course.
I would follow up that, like, if I had 10,000, and it would be something other than any, I would look for one like with
these three qualities. First of all, I would pay my attention on the structured values and
clear utility and also it had to be like long-term sustainability. And for example,
like long-term sustainability.
And for example, I deeply respect communities like,
like the community like Lens Protocol or Farcaster.
And they're like pioneering open and on-chain social graphs
where your identity and content belong to you.
And that's aligned with our own values.
So I choose a community that's not chasing trends,
like who are building something that will still matter in 5 or 10 years
or one where members have real ownership the government is is also transparent and
the initiative's rewards contribution over speculation because
Because it's the one of the day is the most valuable communities are the ones that people believe in and
They will believe like for
purpose yeah Indeed, that's a very wise question for sure
um let me try to again give this microphone to star systems labs are you guys here like
any guys heroes yes sir yeah yeah everything's working smoothly and i can hear everything
so i mean if i had 10 000 to put into anything i mean i i um
i would probably go with with bitcoin or ethereum as per what our project kind of points people at
i just think that um you can't really go wrong with those two given that one is considered a
commodity nowadays i mean nothing's uh nothing's more
liquid than a commodity and i think that's uh that's the supreme um choice but of course if
you're looking at something smaller with growth potential given that those two assets already had
explosive growth i would uh i would i would always look at the technology. A token will have its ups and downs, as everyone does in life.
But the technology, and if it actually fills a gap in services, something produces revenue, this will sustain.
So if you are looking at smaller gaps, I'd say things like that.
Things that actually have real, real purpose.
But me personally, Bitcoin.
Immediately. Amazing. that actually have real real purpose but me personally bitcoin immediately
amazing let's let's hear from affineatwork what you guys think
yeah i think uh right now would be ethereum um other than afi um it would it would probably be ethereum because you know a lot of projects already kind of had their run.
Well, I mean, I still think that there's like quite a run to go, but I think Ethereum has
been shipping and there's a lot of progress that's been made and there's a lot that's
happening in terms of inflows on the ETF side as well.
And in terms of institutional adoption.
And with the SEC also easing on the regulations, I think Ethereum is definitely something that
will currently run.
But I think the issue with Ethereum is even though it's decentralized,
to a certain extent, it's still run by people. And so with that regard, if we're looking like
very long term, then I would also have to go with Bitcoin. So that's why I started by saying that,
at this current moment, it would be Ethereumereum exactly i think you know there's all
of all of the networks have its own you know beauty and flows but for sure if i have to personally
put on anything then first of all it would be on each and then you know for sure solana maybe because
of the way that institutions are you know picking the momentum and thanks to all of the you know
western infrastructure and all the support from um you know western government and everything and i i
guess you know the now now that the whole world is also waking up to the potential that the crypto
especially the stable coins and you know all of these uh community-centric protocols they have
is uh something that is like really hard to neglect.
But yeah, really amazing, you know, insights from everyone, I guess, you know, now we are
almost closing to our last 15 minutes.
So I would like to share this like really last topic and then, you know, we can jump
know we can jump on to the closing thoughts and everything so because we
on to the closing thoughts and everything.
are currently approaching I guess you know particular mind share where
everyone is like kind of very let's say optimistic about what they are building
and you know the way that they are distributing so my question would be
around because all of us are building here, you know communities on Twitter and on Twitter
it's more about how you
present your brand and how you leverage the content and the distribution funnel is
though is this essentially the you know bread and butter of your
Chances to getting successful. So how do you see distribution?
Especially using the content
uh compared to web 2 and in web 3. so what do you see the main differentiator in terms of the way
people are distributing the content and through that building the brands and how would that affect
you know the whole narrative or let's not just focus on the narrative, but how would you personally see the, you know, industry shifting, especially in the decentralized world?
And we are talking about distribution through content.
So I think we only have EFI and Star Systems Lab right now.
I'm not sure if we lost the speakers, one of them left.
But for sure, happy to hear from you guys.
What do you think about the concept of distribution
through content, especially compared to web 2 and web 3?
Any one of you can join?
Well, I guess I'll start, but considering that we don't have much content related generation
for our users, we kind of made a gamified experience with an on-chain like database,
you could sort of say so all the users
interactions are tracked on chain uh transparently uh and then anything else that would be done
calculation wise of course is transparent as well but effectively um i mean for us everything's on chain, all the data, all the trades, the minor scores, the activity in
Nebula.
I mean, the whole idea is to keep everything on chain and to use as few centralized services
as possible.
I mean, yeah, but we don't really have a content generation thing for our users.
It's more of a video game, as you pointed out,
when I first joined, given the aesthetic that we have.
Amazing, for sure, yeah.
I think I kind of like that because it reminds me
of this movie I forgot about.
I mean, it's not like Star Trek but uh we totally lost that you know name
oh yeah for sure let's hear from afi network and then you know we can wrap this show up
yeah for us um we we also try to keep as many things um on chain as possible and as transparent as possible. We initially started off as a decentralized platform,
like an affiliate platform for NFTs.
And so, of course, now we've expanded beyond NFTs
to cover other on-chain transactions.
And then we're also able to track social activity
and stuff like that.
But yeah, in terms of you know
the reward distribution um we try to i mean that's all transparent that's all on chain
um yeah and i hope i answered your question
yeah for sure no worries at all um but i I think, you know, we now are really closer to the conclusion.
And, you know, we had some amazing speakers, unfortunately, because it's Friday.
Some of them have to leave early.
But it has been like a good session because, you know, like someone mentioned, like there's
also all of the people in the space um especially the
projects are almost kind of building in the um same vertical and somewhere somewhat or another
way they they can might find some mutual grounds to collaborate with and you know come together and
um find ways to you know partner up and stuff like that uh so for sure we are really happy to connect
with you know each and one of you.
Thank you so much once again for your time for joining. So as a last thoughts from our
currently I would like to give you guys an update about our current waitlist. So we are about to
open up our Joinda apps public beta launch which will be in two to three weeks from now but currently
we have a waitlist open so feel free to you know go to our website to join dot
IO and you know join the web waitlist we are also currently collaborating with
similar projects brands in web3 so feel free to you know send us a DM we would
love to set up something in the next couple of weeks with you guys.
For sure, thanks so much once again for joining us.
You can have your closing thoughts, anything
you guys are working on currently, you want to
share with the speakers, listeners.
Feel free to do that.
Thanks again
to join Ecosystem
and to the other panelists and to everyone here.
It's been great to be here.
In terms of closing thoughts, I definitely do think decentralized social networks will outlive Web2 giants
because of privacy and for censorship reasons and all the other things I'd mentioned.
In terms of AFI Network,
what we're working on is extremely exciting right now.
We're looking for projects that are looking to empower
their communities and turn their communities into
growth engines and reward them.
You don't need to have your own token.
You might want to use a stable coin.
You can also use our token.
But the main goal here is to really, you know, you do have loyal people, you know, within your community.
And it's all about turning them into ambassadors, getting them to actually create content and getting them to, you know, share about you and earn along the way.
Right.
So if you don't have, you know, budget for, you know, stablecoins, rewards, you know, you could also mint your own token, right?
And so that's where essentially you'd be building your own point system.
So we're very excited to have these conversations.
You know, you don't need to be ready yet.
You could be just, you know, interested.
We'd be happy to have a chat with you.
Just feel free to reach out.
And, you know, I'd love to have another conversation with the joint ecosystem,
be part of this again.
So please do follow us as well.
And we do also host some panels and we'd also love to invite some of the other panelists
here to join us sometime.
Thank you so much.
Have a great evening.
Yeah, I'll go next. Thank you again to the host and to all the other community or communities that have joined here. I mean, we're also looking for some collaboration. We have some interesting ideas on how we can integrate with other projects.
We're just kind of speaking around.
But as far as what we're working on,
we're about to release phase one.
So our Nebula Miner goes active, which gives users
to onboard onto our immediate token
to start gaining yield when staking goes live a few days
after the Nebula miner starts and then in
phase two automatic airdrops for anyone that's mined so essentially your miner score from mining
dictates your weight in the dividend airdrop and of course this just means that anyone that mines
will automatically get dividends and the dividends auto payout in Bitcoin so if you mine your effectively secured Bitcoin once the system gets going but
again thank you for all your guys time it's been a pleasure here amazing thank
you so much well you know for all of the speakers and again for sure we would
definitely love to get in touch with you know all of the panels and find some
mutual grounds to collaborate with.
And again, we'll be doing these spaces every week.
So for sure, open, you know, we are open to having any one of you as a, you know, another panel speaker.
But thanks so much once again.
Have an amazing weekend and we'll see you on the next one.
Until then, thanks so much once again
and have a great weekend. Thanks everyone. Thank you.
