Exploration of Web3 Socials
At the moment, Blinks are usable on varied protocols in Solana, for instance, Phantom, Backpack, Jupiter, Tensor, Sanctum, Meteora and others. It’s also built-in into X by way of supporting pockets chrome extensions. Use circumstances embrace DeFi (commerce tokens or staking), NFT (mint and buy), video games (in-game purchases), content material subscription and governance.
Launched in 2020, Farcaster is an open-source decentralised social graph protocol that hosts a number of social community purposes. Farcaster launched Frames in Jan 2024, which was a significant contributor to the protocol’s surge in curiosity this yr. Just like Actions and Blinks, Frames permits casts to show into an interactive mini app (eg. create polls inside posts, mint and show NFT collections and so forth). Since Frames launched, every day distinctive casters (customers that made a put up) elevated 14x in two weeks whereas variety of casts elevated 19x.
- Unveiled in February 2022, Lens is a decentralised social graph protocol developed by AAVE workforce. It launched a brand new function Open Motion in Nov 2023, just like Farcaster’s Frames, the place exterior good contract actions are enabled on a Lens publication.
- One of many essential use circumstances is to “accumulate” publications, which permits customers to mint an NFT linked to a publication, both totally free or at a payment. Lens noticed a surge in consumer base and actions in 2024, rising from a median of 12,500 every day transactions in Jan to 129,000 in July 2024.
In comparability, Actions and Blinks is a plug-in to be built-in with present web2 web sites. That is totally different from Farcaster and Lens, which built-in their Frames and Open Actions perform, respectively, into the dapps on their protocol. Given Actions and Blinks leverage the present web2 site visitors from already established web sites for instance X, it receives profit from its giant consumer base. One other key differentiation is that Actions and Blinks at present don’t work on cell.
