What is the Web3 Social Graph Protocol?
The Web3 social graph protocol is a new primitive spliced by the three atomic concepts of Web3 + social + graph (primitive language, a latest currency circle pretending to be slang)
- Graph: The concept of mathematical graph theory, a network structure composed of nodes and connecting lines.
- Social graph: With people as nodes and social relationships between people (following, likes, favorites, forwarding, etc.) as connections, the network formed by this is called a social graph.
- Web3 social graph: with the public chain address/DID as the node, and the social and financial relationship between the public chain address/DID (follow, like, favorite, forward + transfer, transaction) as the connection line, the network formed by this The road is called the Web3 social graph.
The origin of Web3 social graph: VC-oriented development
From the perspective of narrative economics, VC production stories, case-by-case stories, and investor consumption stories.
In our currency circle, top Web3 VCs such as A16Z and Paradigm are responsible for producing DeFi, NFT, ZK, L2, Web3 games, etc. In the end, we ordinary investors will consume the story.
During this process, none of the VCs, project parties, and investors really paid attention to the product, users, or business model. Everyone only cared about whether the story was sexy enough, and whether they could find the next successor.
The story of the Web3 social graph started with a paper on decentralized society published by Vitalik in 22. In Q4 of 22, it became one of the most popular new primitives in the Web3 field at that time, along with DID.
The new story has been prepared, so each VC began to look for their own related parties to exemplify the story.
Overseas VCs incubated the famous Lens Protocol, Eastern VCs incubated CyberConnect, and Jacky Dorsey, a lone brave man, incubated the Web5 Nostr protocol.
CyberConnect Vs Lens Protocol: Eastern Pragmatism Vs Western Structuralism
In instantiating a Web3 social graph story, CyberConnect and Lens Protocol have chosen different methodologies.
- The focus of CyberConnect 's development is not on the protocol itself, but the team personally developed Link3, a 100% tribute to Galxe's Web3 task reward platform, which attracted a large number of wool party users to complete the cold start of the project through the popularity of airdrops. Successfully deposited a large amount of Web3 social graph information.
- Lens Protocol focuses on the opening of the protocol layer and the incubation of the application layer. The team (AAVE) did not choose to go down to make the application in person, but continued to support developers to develop Web3 social applications based on the protocol through donations and hackathon activities.
There is no difference between the paths of CyberConnect and Lens Protocol. They just grow different crops in different business culture soils.
CyberConnect Vs Lens Protocol: Data PK on the chain
- Total number of accounts CyberConnect: 891,543 Lens Protocol: 116,626 (whitelist mint only).
- Account floor price CyberConnect: non-transferable Lens Protocol: 229.7 U.
- Total content established CyberConnect: 6,538,587 Lens Protocol: 491,2853.
- The latest independent DAU CyberConnect: 48,061 Lens Protocol: ~7000 CyberConnect's current information is leading, and it is based on the premise of open registration.
Leaving aside the information $CYBER is the one-in-a-million dream love coin.
The information on the Web3 social graph is not worthy of the Web2 social media.
But aside from the data, the Web3 social graph has unlimited possibilities like a newborn baby, at least in the eyes of small and medium VCs and ordinary investors.
Moreover, the current market is extremely hungry for new narratives. CyberConnect, as the first Web3 social graph project to issue tokens, will not worry about not having a successor.
＊Friendly reminder: This article is purely research in nature and does not make any suggestions. Please only judge carefully when investing.
