sari

Once upon a time, $FB was the 5th fastest growing social network, and yet it came out on top. Two things made it possible: User Generated Content (UGC), and Real Identities.

This is all happening despite the fact that it’s still fairly clunky and expensive to engage with NFTs on Ethereum. Minting a single NFT costs roughly $100 in ETH, and buying and trading incurs high transaction fees.

I think if we had wanted to build a search engine company 5 or 10 years ago, it would have been insanely hard and basically impossible to compete with Google because we would have needed hundreds of people and huge amounts of training data to build the ranking systems that we’re building. Now, with a very small – albeit extremely smart and capable,... See more

Maria Shen: I think there’s room for a social network based on NFT ownership. Already, niche communities have sprung up to support the ecosystem of people that own a specific NFT — think NBA Topshot, cryptopunks, or Bored Ape Yacht Club. A social media platform could give these different groups a chance to connect and would create a truly unique... See more

Jiho pointed out the paradox in building communities at scale:

The web has an almost infinite capacity for storage and memory yet its prevailing use is an acceleration of ephemerality. The reasons for this are complex to say the least (of which financial short term gain is probably the most prevalent). But this doesn’t mean the tendency can’t be resisted. Perhaps books as well as their online siblings could be... See more