1/n How to unfuck web2 (#twitter) ? And why decentralized social networks are inevitable?
@elonmusk's $44Billion cash WILL shift control of the social media platform populated by millions of users, we are here to call for radical changes for social media: masknetwork.medium.com/how-to-unfuck-…
2/n We reiterated the essence of social networks — digital public infrastructure for information exchanges and human interactions — but it's been abused and distorted by profit-driven platform models in the past decades.
3/n Evidence has shown that centralized social media platforms in Web2 are stifling innovations of third parties and hitting the glass ceiling in their own growth. #Web2 giants suppressed third-party applications and innovations in the name of privacy.
4/n As developers and general netizens wake up to reclaim their cyber citizenship, sponsored by a maturing decentralized crypto-native economy and an increasingly broad ideological consensus to challenge the centralized social network — it’s time for disruption.
5/n The emergence of #web3 social media is inevitable — please read our opinion to understand and participate in this historic movement.
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We are proposing some improvements in the existing ITO guidelines.
Three snapshot votes are now open, all will last 48 hours, from 05:00 am June 25th (UTC) to 05:00 am June 27th (UTC). masknetwork.medium.com/improvements-i…
Proposal 𝟙: Improvements in the Permissionless ITO launching process
1/ Following yesterday's $MASK introduction, we are ready to release the details of our $MASK Public Offering! The Offering consists of 3 parts: ITO, LBP by @BalancerLabs and Airdrop. Get ready, you need to install Mask to participate. masknetwork.medium.com/introducing-th…
2/ ITO is a proprietary IDO mechanism developed by @realmaskbook and LBP by @BalancerLabs will help $MASK to derive the true value.
3/ Mask Network will also airdrop $MASK not only to our early supporters but also to active participants in the broader Web 3.0 ecosystem including @SnapshotLabs voters and @gitcoin donors.
The GameStop $GME saga is both super funny to watch and profound in a number of ways. A culmination of how social networks marries finance, the dawn of a new era that could only be strengthened by Web3&defi- A thread of analysis and implications, and shill of our own Mask Network
A household but dwindling name, $gme was favored by r/wsb as a top turnaround pick & has resurrected from ashes in stock price terms. WSB manages to short squeeze & likely bankrupt Melvin cap, a Steve Cohen protégé run $13bn hedge fund, even w/ $2.75b from point72 & Citadel. 2/n
Further details can be found everywhere so I'm not going to repeat here. But a lot of things are worth noting. Who are they? Why are they doing this? What do they have to do with web3 & Defi? 3/n