Top crypto stories of week 27, 2024
Mon 1 to Sun 7 July 2024
The 20 top stories on Kiwi News from Mon 1 to Sun 7 July 2024, ranked by upvotes, comments and clicks, with 37 comments in total. Most-shared sources: app.t2.world, open.substack.com, x.com.
Text under a title is an AI summary of the linked article.
- Farcaster should be aggressively focused on social values over financial values (warpcast.com)
- Why build a web3 social app? (app.t2.world)
- farseer: Another kind of Farcaster hub (github.com)
farseer is a lightweight re-implementation of a Farcaster hub that does not require syncing to operate and can be extended through plugins. Users can bring their own database, logic and infrastructure to harvest protocol data. The project offers a Docker setup that starts the hub with default behavior and plugins, or a manual route that requires Go 1.22+ to compile the binary and plugins. Configuration is handled through a config.toml file, which sets the public IP, gossip port, bootstrap peers, and per-plugin options such as the PostgreSQL plugin's database address, allowed message types and tracked FIDs. Plugins export a Handler struct with functions for message types such as cast adds and reaction adds.
- Leaving the Goldilocks zone (open.substack.com)
- The future of social networks won't be built by developers (app.t2.world)
- Steam users have spent $19 billion on games they’ve never played (pcgamesn.com)
- the meaning of meaningfulness (app.t2.world)
- web3 social apps should not be so crypto-centered (x.com)
- Does the current culture value decentralization? (hey.xyz)
- Privacy Ranked: Bird's Eye View (rebelnet.me)
- I Tried Dozens of Onchain Social Apps, Here's What I Found (app.t2.world)
- Philosophy for Builders (app.t2.world)
- ERC-5564 and ERC-6538 (Stealth Addresses) finalized (research.2077.xyz)
- The Hot Start Problem (masonnystrom.com)
- The Privatization of Orderflow and Resurgence of the Fat App Thesis (open.substack.com)
- Why haven't decentralized social networks taken off yet? (app.t2.world)
- Monetizing Content in the Web3 Era of Social Media (app.t2.world)
The article argues that social networks now let creators earn income directly, without relying on third-party advertising or sponsorships, and it highlights tools on Lens Protocol, Farcaster and X. On Lens, it describes Collect Modules that turn posts into NFTs, tipping, and $BONSAI, a token airdropped to active users, with creators such as Jessyjeanne reporting about $2,500 in subscriptions. It says Farcaster's $DEGEN tipping has let some creators earn a living, and that Bitfloorsghost raised $170,000 through tips. For X, it describes monthly payments tied to ad revenue, which require Premium, at least 5 million impressions in 3 months, and 500 followers.
- Cross-app wallets are live (privy.io)
- zk-ECDSA (2022) (0xparc.org)
- Our favorite submissions (so far!) from the Kiwi x t2 x Lens writing contest (x.com)