Evolution of Web3 Consumer and Social Apps in Crypto Space

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Exploration of Farkaster and Steely Cam apps, showcasing features like frames and NFT creation, driving user growth with innovative tipping mechanisms. Discussion on the crypto-native nature of social apps, emphasizing elements like stealing, financialization, and speculation for user engagement. Insights on the shift to decentralized social platforms, digital scarcity, and financial incentives within Web3, with a focus on user connection and engagement in the crypto space.

In today's Roundtable Jason and Sanat discuss Social Apps! They kick things off with a review of friend.tech's Airdrop, before defining ‘Web3 Social’ and ‘SocialFi’. The two then take a look at Farcaster's DAU growth, 'Stealcam', and the value-transfer in Social Apps. The two then discuss fantasy.top, Social Apps monetization, the explosion of pump.fun, and what the total-addressable-market of Social Apps might be. Plus, a whole bunch more—enjoy!

Host: Jason Choi @mrjasonchoi . Not financial advice.

Timestamps:

(00:00) Introduction

(01:20) friend.tech airdrop

(06:27) What is ‘Web3 Social’ & ‘SocialFi’

(09:15) Farcaster user growth

(10:19) Stealcam

(13:25) Value transfer in SocialFi

(16:23) fantasy.top

(20:19) Early monetization in SocialFi

(26:17) pump.fun

(33:38) SocialFi TAM

(36:34) Analysing SocialFi protocols

(40:00) a16z ‘How do you define a Social App?’

(43:19) Define SocialFi users

(49:00) Outro

Partner Message: Yield Guild Games (YGG) is a web3 guild protocol that enables players and gaming guilds to find their community, discover games and level up together. Its mission is to become the leading community-based user acquisition platform in web3 gaming through fun quests that help players build their onchain reputation

Find out more at https://investors.yieldguild.io/

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Jason Choi’s Twitter:

https://twitter.com/mrjasonchoi

Sanat Kapur’s Twitter:

https://twitter.com/kapursanat

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Blockcrunch Twitter:

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Disclaimer:

The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.

Full disclaimer: https://blockcrunch.substack.com/about