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        <title>Melike Barut</title>
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        <description>Web3 Content Creator | Physiotherapist</description>
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            <title><![CDATA[How can a 1% daily improvement change your life?]]></title>
            <link>https://paragraph.com/@melike-barut/how-can-a-1-daily-improvement-change-your-life</link>
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            <pubDate>Fri, 09 Feb 2024 19:31:26 GMT</pubDate>
            <description><![CDATA[You do not rise to the level of your goals. You fall to the level of your systems.The author, James Clear, provides all the effective answers you&apos;re looking for to questions such as how to form a good habit, what a habit is, and how small changes can make big improvements. Before the book notes I just wanna tell you about my new reading technique: I finished this book in just one week, a short period for me, considering the previous book lingered in my hands for weeks. What enabled me to...]]></description>
            <content:encoded><![CDATA[<blockquote><p><em>You do not rise to the level of your goals. You fall to the level of your systems.</em></p></blockquote><p>The author, James Clear, provides all the effective answers you&apos;re looking for to questions such as how to form a good habit, what a habit is, and how small changes can make big improvements.</p><p><strong>Before the book notes I just wanna tell you about my new reading technique:</strong></p><p>I finished this book in just one week, a short period for me, considering the previous book lingered in my hands for weeks.</p><p>What enabled me to finish it so quickly was my reading technique. I divided the book into seven sections, placing a colored post-it at the end of each chapter. The first thing I did every day was read the book up to the next post-it. This method really worked. The first thing in the morning was to read the book, from one post-it to the next, it motivated me.</p><p>I have some notes and listed them below for remember👇</p><h3 id="h-the-four-laws-of-behavior-change" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">The Four Laws of Behavior Change</h3><ol><li><p>Cue (<strong>Make It Obvious</strong>)</p></li><li><p>Craving (<strong>Make It Attractive</strong>)</p></li><li><p>Response (<strong>Make It Easy</strong>)</p></li><li><p>Reward (<strong>Make It Satisfying</strong>)</p></li></ol><p>Let’s little bit deeper into these laws to understand better before implementing them:</p><ol><li><p><strong>Make it obvious</strong> - The habit needs to be effortless for us and not require active thinking. For example, you want to eat fruit instead of junk food. Instead of hiding the fruit in a corner of the fridge, you put it in a bowl on the table. Or you go to the gym if your gym bag is right in front of you at the front door.</p></li><li><p><strong>Make it attractive</strong> - If the habit is not attractive, we are probably less likely to do it again and again. Therefore, combining boring but necessary tasks, such as going to the gym or making job calls, with an action you want to do turns it into a behavior that is easy to repeat. For example, listening to your favorite podcast or playlist only while exercising.</p></li><li><p><strong>Make it easy</strong> - The less we reduce the hassle associated with habits, the more chance we have of actually doing it. For example, making it easier and simpler to eat healthy by prepping fruits and vegetables at the weekend, putting them in the fridge and eating them throughout the week, or making it easier for you to get to the gym if it&apos;s on your way to work.</p></li><li><p><strong>Make it satisfying</strong> – When an action is rewarded, we are more inclined to repeat it. What is immediately rewarded is repeated, and what is immediately punished is avoided. For example, after finishing my daily tasks and reading book, I reward myself with my new hobby of making and painting different things out of clay ceramics. Or when you don&apos;t order takeout but cook healthy meals at home, you can save the cost of that takeout and buy any product you like with these savings.</p></li></ol><h3 id="h-these-4-laws-can-also-be-used-for-bad-habits" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">These 4 laws can also be used for bad habits</h3><p>Make it invisible, make it unattractive, make it difficult, make it unsatisfying. For example, if you spend a lot of time on your phone, put it in another room while you work. If you do a lot of online shopping, reduce the limit on your card or give it to a relative and ask them to give it back to you once a month. If you watch a lot of TV, take the batteries out of the TV remote control and only put them back in to watch a specific TV program.</p><h3 id="h-adopt-systems-instead-of-focusing-on-goals" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">Adopt systems instead of focusing on goals</h3><blockquote><p><em>You do not rise to the level of your goals. You fall to the level of your systems.</em></p></blockquote><p>Goals are the outcomes we want to achieve, and systems are the processes that lead us to those outcomes. Setting goals is good, but the real trick is to build lasting systems that get us there. A goal is about a single achievement, but a system is about continuous improvement and progress.</p><p>Goals limit our happiness. We often think, &quot;I will be happy when I reach that goal,&quot; leading us to postpone happiness until the next achievement. The antidote to this is to prioritize systems. When we fall in love with the process rather than the outcome, we don&apos;t have to wait until reaching the goal to be satisfied and happy. The process itself becomes a source of happiness.</p><h3 id="h-to-build-a-habit-you-need-to-make-it-part-of-your-identity" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">To build a habit you need to make it part of your identity</h3><p>Most people begin the process of changing their habits by focusing on what they want to achieve, leading them to try building outcome-based habits. However, the real key is to start with who you want to be—to build identity-based habits. We often overlook our beliefs and identity when creating result-oriented habits, but in reality, behind every system of action, there is a belief system.</p><p>For example, when my goal is to lose 5 kilograms, it doesn&apos;t create a sustainable habit for me. However, when my goal is to become a person who eats healthy and exercises regularly, it helps me maintain my weight.</p><ul><li><p>The goal is not to read a book, the goal is to become a reader.</p></li><li><p>The goal is not to run a marathon, the goal is to become a runner.</p></li><li><p>The goal is not to learn an instrument, the goal is to become a musician.</p></li></ul><h3 id="h-motivation-is-overrated-the-environment-often-matters-more" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0"><strong>Motivation is overrated — the environment often matters more</strong></h3><p>Our environment is an important factor in determining our habits. Despite our unique personalities, certain behaviors tend to be repeated under specific environmental conditions. For example, people whisper in church, or products placed at eye level sell more than those positioned lower down.</p><p>We can increase our efficiency by associating a habit with a specific environment. Habits can be changed more easily in a new environment, but if this is not possible, we can divide the existing space so that each part has a single purpose. Thus, the principle is &quot;one space, one use.</p><p>This is how I began practicing it myself: I used to work at the dining table or even on the sofa, which was not productive.</p><p>So, I have designated each space for different uses: The dining table is for just eating, the study room is for working, the sofa in the study room is for reading, and the living room is for watching movies or TV series.</p><p>Working only in the study room and refraining from moving my work to other areas of the house has increased my productivity.</p><h3 id="h-my-highlights-from-the-book" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">My highlights from the book</h3><ul><li><p>Small habits create big differences: Habits might seem to make very little or no difference during the day, but the impact they create over months and years can be very significant. <strong>A daily improvement of 1% can lead to a 37x improvement and make a big difference at the end of the year.</strong></p></li><li><p>Small changes often seem to make no difference until they cross a critical threshold. The strongest results of any compound process are received late. Being patient is important. (This is also the source of my inconsistency in habits; stopping habits that seem ineffective before they cross that critical threshold, where I would start to get effective results)</p></li><li><p>Habits are repeated automatic behaviors consisting of various components. By directing and integrating your habits, you can build systems, and these systems become a part of your personality, helping you achieve your goals.</p></li><li><p>There is no specific duration for building a habit; it depends more on how often you repeat the behavior. <strong>Frequency</strong> is what makes the difference.</p></li><li><p>“<strong>Don’t break the chain</strong>” is more important than it seems. Don’t break the chain of sales calls and you’ll build a successful book of business. Don’t break the chain of workouts and you’ll get fit faster than you’d expect. Don’t break the chain of creating every day and you will end up with an impressive portfolio. <strong>Missing once is an accident. Missing twice is the start of a new habit.</strong> “Make mistakes, just don’t make them permanent.”</p></li></ul><p>You can also follow me on other platforms:</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/MelikeBarut7">X</a><br><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://hey.xyz/u/melikebarut">Lens</a><br><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.linkedin.com/in/melikebarut/">LinkedIn</a></p>]]></content:encoded>
            <author>melike-barut@newsletter.paragraph.com (Melike Barut)</author>
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            <title><![CDATA[What is Social Graph?]]></title>
            <link>https://paragraph.com/@melike-barut/what-is-social-graph</link>
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            <pubDate>Fri, 02 Feb 2024 18:24:22 GMT</pubDate>
            <description><![CDATA[Imagine that you have the power to control your own data/content. That’s what you can do on social graphs and on their apps. In this blog, you will learn:What a social graph is.Its advantages.The top 4 decentralized social graphs.What is a Decentralized Social Graph?In today&apos;s online world, social media is key to any business&apos;s success. However, with the arrival of Web3, we&apos;re seeing big changes in how social media works, including something new called the social graph. The way...]]></description>
            <content:encoded><![CDATA[<p>Imagine that you have the power to control your own data/content. That’s what you can do on social graphs and on their apps.</p><p>In this blog, you will learn:</p><ul><li><p>What a social graph is.</p></li><li><p>Its advantages.</p></li><li><p>The top 4 decentralized social graphs.</p></li></ul><h2 id="h-what-is-a-decentralized-social-graph" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0"><strong>What is a Decentralized Social Graph?</strong></h2><p>In today&apos;s online world, social media is key to any business&apos;s success. However, with the arrival of Web3, we&apos;re seeing big changes in how social media works, including something new called the social graph.</p><p>The way we talk and connect with others on the internet has changed quickly. Social media sites are a big part of our everyday lives, helping us meet people from all over, share news, and create groups. But, the current system behind these platforms, known as Web 2.0, has many issues that stop it from being as good as it could be.</p><p>That&apos;s where Web3 steps in. It&apos;s a new version of the social graph that uses blockchain, which is a secure and decentralized way to store data. This offers some big improvements over the old Web 2.0 social graph.</p><p>In the Web3 world, people can own and control their friend lists and personal info. Instead of one big company holding all this data, Web3 lets everyone keep their own information safe and spread out, using technology like blockchains that don&apos;t have one single owner.</p><h3 id="h-advantages-of-decentralized-social-graphs" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0"><strong>Advantages of Decentralized Social Graphs</strong></h3><p>Decentralized social graphs offer several compelling advantages over their centralized counterparts:</p><ul><li><p><strong>Ownership and Control</strong>: Users maintain ownership of their data, deciding who can access and share their information. This shift from platform ownership to user ownership marks a significant step towards digital autonomy. Own your posts and profile so that platforms cannot censor your content or ban your account.</p></li><li><p><strong>Privacy and Security</strong>: With data distributed across a decentralized network, risks of central points of failure and data breaches are minimized. Enhanced privacy protocols ensure that personal information is safeguarded against unauthorized access.</p></li><li><p><strong>Interoperability</strong>: Decentralized networks facilitate a seamless flow of information between different platforms and services. This openness encourages innovation and creates a more interconnected digital ecosystem. This way you don&apos;t have to build an audience from scratch for each different social media app.</p></li><li><p><strong>Censorship Resistance</strong>: The distributed nature of decentralized social graphs makes them inherently resistant to censorship. Information can flow freely without the constraints imposed by central authorities. You own all your content and data, so any platform cannot suddenly ban you or delete your content.</p></li></ul><h2 id="h-what-are-the-most-popular-social-graphs" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0"><strong>What are the most popular social graphs?</strong></h2><h3 id="h-1-cyberconnect" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0"><strong>1. CyberConnect</strong></h3><p>CyberConnect is a protocol that helps decentralized apps (dApps) grow and create personalized social features. It allows developers to easily work with decentralized social networks on Ethereum and Solana. CyberConnect has had a large and growing user base since 2021. Recently, the total number of users surpassed 1.3 million. And founders of CyberConnect are Wilson Wei, Ryan Li, Shiyu Zhang, and Zhimao Liu.</p><p>CyberConnect offers three innovative tools for better decentralization and interoperability, similar to Apple&apos;s unique features:</p><ol><li><p><strong>CyberAccount</strong>: Users can create decentralized digital identities using NFTs, backed by Ethereum&apos;s ERC-4337 standard. This allows for secure identification and fair revenue distribution for content creators.</p></li><li><p><strong>CyberGraph</strong>: This is a blockchain-based system for storing social data and connections. It&apos;s immune to censorship and introduces new ways for users to earn from content through tokenization.</p></li><li><p><strong>CyberNetwork</strong>: Focused on cutting down gas fees and storage costs, it offers a more efficient blockchain network design.</p></li></ol><p>70+ projects have been integrated into CyberConnect, including Project Galaxy, <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="http://light.so/">Light.so</a>, NFTscan, Phaver and more. You can take a look CyberConnect dev center for more.</p><h3 id="h-2-lens-protocol" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0"><strong>2. Lens Protocol</strong></h3><p>Lens Protocol aims to fix social media&apos;s key problems by allowing data ownership and sharing across platforms. Unlike traditional networks where your data is locked to one Profile NFT, with this NFT, Lens Protocol lets users own and move their data freely between apps.</p><p>This change means content creators keep their audience and content safe, no matter the platform&apos;s rules. Plus, it encourages cooperation instead of competition among networks, benefiting everyone in the ecosystem.</p><p>Lens was founded in 2022 by Stani Kulechov. It’s currently in closed beta. You can use Lens only with your Lens handle attached to your wallet. Of course, there are also hybrid apps such as Phaver (Web2 and Web3).</p><p>Lens Stats:</p><ul><li><p>134k profile</p></li><li><p>MAU: 30k</p></li><li><p>DAU: 4k</p></li></ul><p>Momoka Stats:</p><ul><li><p>Transactions: 1.42M</p></li><li><p>Total Spent: $ 558.97| $0.0004 /txn</p></li></ul><p>Some Lens Apps:</p><p>Phaver, Kaira, Orb, Yup, Hey, Buttrfly</p><p><strong>In Lens apps, there are 4 different types of publications:</strong></p><p>Posts: Publications are posted directly to a user&apos;s ProfileNFTs; this ensures that all content created by a user remains user-owned and in their wallet. Publications are <strong>NOT</strong> NFTs.</p><p>Mirror: It&apos;s reposting content but with some small features.</p><p>Quote: Imagine it like a QRT.</p><p>Comment: Comments live in the user&apos;s Profile NFT and they are owned by the user.</p><p><strong>Open Actions 🔥</strong></p><p>Lens announced many features after the V2 upgrade. One of the big features is Open Actions enables direct interaction with smart contracts via an on-chain action button in social media posts, all without leaving the app. This feature already allows for a variety of experiences such as collect, swap, mint, farm, stake, invest, vote, play, and tipping within the post itself.</p><h3 id="h-3-farcaster" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0"><strong>3. Farcaster</strong></h3><p>Its design enables users to post messages, follow other users, and organize into communities known as channels and it&apos;s built on Ethereum but since August 30th its live on OP mainnet. The open-source nature of Farcaster means that anyone can join or build on top of it. It is now a public social network similar in design to Twitter and Reddit. Also, Farcaster raises $30M led by Coinbase and A16z just a couple of months ago.</p><p>If you are new on Farcaster, Warpcast would be a great choice as a first experience. It&apos;s a mobile wallet + app designed to experience Farcaster but signing up is only on mobile.</p><p>Also, there is a small yearly payment for using Farcaster, it&apos;s like 12$. Dan Romero and Varun Srinivasan are the founders of Farcaster.</p><p>According to <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://dune.com/pixelhack/farcaster">Dune Analytics Dashboard</a> Farcaster has:</p><ul><li><p>93k total user</p></li><li><p>DAU:11k</p></li><li><p>MAU: 40k</p></li></ul><p>Dan Romero’s <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://x.com/dwr/status/1752812753356730449?s=20">last tweet</a> says:</p><ul><li><p>5 million unique follows</p></li><li><p>6 milion reactions</p></li><li><p>2.8 million casts</p></li></ul><p><strong>Frames on Farcaster 🔥</strong></p><p>The Frames feature is similar to open actions on Lens. Frames enable the embedding of interactive experiences directly within Farcaster posts, known as casts. This functionality allows users to engage in a variety of interactive activities without leaving the platform.</p><h3 id="h-4-deso-protocol" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0"><strong>4. DeSo Protocol</strong></h3><p>DeSo is a new layer-1 blockchain built from the ground up to decentralize social media, and scale storage-heavy applications to billions of users. In comparison to other blockchains like Ethereum, where storing a simple 200-character post could cost upwards of $78.75, DeSo drastically reduces this cost to a mere $0.000017.</p><p>The DeSo ecosystem boasts over 85 million transactions and 2 million wallets, demonstrating significant adoption and activity. This vibrant ecosystem includes various apps like Diamond and Focus, a decentralized version of Twitter, and Openfund, a social fundraising platform, among others.</p><p>Each person joining the DeSo network gets a ‘DeSo identity,’ similar to Metamask on Ethereum. This identity helps users log in to any apps developed on the DeSo ecosystem, facilitating content and data portability.</p><p><strong>New App of DeSo: Focus 🔥</strong></p><p>Focus is a fresh take on DeSo, combining elements of crypto trading, social media, and the latest in generative AI. It&apos;s supported by industry giants like Sequoia, Social Capital, Andreessen Horowitz, and Coinbase. Focus offers unique monetization opportunities for content creators. It utilizes a novel concept known as the social airdrop to enhance user engagement, ensuring a strong start and sustained growth.</p><h3 id="h-explaining-social-graphs-to-grandma" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0"><strong>Explaining Social Graphs to Grandma 👵💡</strong></h3><p>Imagine everyone in our family has a little notebook where they write down who they&apos;re friends with and what gatherings or events they&apos;re planning to attend. Instead of having one big family book that one person updates and controls, everyone has their own book and can share their updates directly with others. This way, if someone loses their book or makes a mistake, it doesn&apos;t mess up everyone else&apos;s information. It&apos;s like a giant, shared family tree that everyone helps to build and maintain, but instead of just family, it includes all the friends and connections everyone has. This is what we call a decentralized social graph; it&apos;s a way for people to connect and share information on their own terms, without depending on a single company or person to keep track of everything.</p><p><strong>Conclusion ✍️</strong></p><p>Today, the shift to web3 social graphs is vital. Big social platforms have misused user data, but web3 offers control back to users, improving data security and portability. This move promises a safer, user-focused online world.</p><p>Web3 paves the way for a digital space where users have more control and security. It&apos;s a step towards a fairer internet for everyone.</p><p>You can also follow me on other platforms:</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/MelikeBarut7">X</a><br><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://hey.xyz/u/melikebarut">Lens</a><br><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.linkedin.com/in/melikebarut/">LinkedIn</a></p>]]></content:encoded>
            <author>melike-barut@newsletter.paragraph.com (Melike Barut)</author>
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            <title><![CDATA[Unlocking the Future: The Rise of Social Tokens]]></title>
            <link>https://paragraph.com/@melike-barut/unlocking-the-future-the-rise-of-social-tokens</link>
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            <pubDate>Mon, 08 Jan 2024 18:39:35 GMT</pubDate>
            <description><![CDATA[“The next big thing." That&apos;s what the CEO of Real Vision, the renowned investor Raoul Pal, called social tokens. We anticipate that they will continue to gain importance, popularity, and utility in the years to come. But what exactly are social tokens, and how can they benefit both users and creators? Let&apos;s dive in. 💰 Understanding Social Tokens Social tokens are digital on-chain assets used by individuals (such as influencers, celebrities, or artists), brands, or communities (such...]]></description>
            <content:encoded><![CDATA[<p><em>“The next big thing.&quot;</em></p><p>That&apos;s what the CEO of Real Vision, the renowned investor Raoul Pal, called social tokens. We anticipate that they will continue to gain importance, popularity, and utility in the years to come. But what exactly are social tokens, and how can they benefit both users and creators? Let&apos;s dive in.</p><p>💰 <strong>Understanding Social Tokens</strong></p><p>Social tokens are digital on-chain assets used by individuals (such as influencers, celebrities, or artists), brands, or communities (such as football teams, clubs, or DAOs) to monetize experiences/services or gather support in unconventional ways.</p><p>In the modern digital landscape, artists and celebrities often share their content on platforms like YouTube, Instagram, and Spotify, earning revenue in the process. However, these platforms not only take a significant share of the earnings but also exert control over the content itself. This is where social tokens set themselves apart. They offer creators greater freedom, direct interaction with their fans/followers, and complete autonomy, distancing themselves from centralized platforms. This shift has sparked a surge of interest in social tokens.</p><p><strong>➕ Advantages of Social Tokens</strong></p><p><strong>1)</strong> <strong>Community Engagement:</strong> Token holders gain access to private forums, exclusive content, and the ability to influence community decisions.</p><p><strong>2)</strong> <strong>Content Freedom:</strong> Social tokens reduce centralized control, empowering creators and giving their audience a stronger say.</p><p><strong>3)</strong> <strong>Profit Sharing:</strong> Token holders co-own NFTs, earning from resales and royalties.</p><p><strong>4)</strong> <strong>Direct Monetization:</strong> Fans can directly support creators, bypassing third-party platforms.</p><p><strong>5)</strong> <strong>Investment in Creators:</strong> The value of social tokens grows with the creator&apos;s popularity, providing financial benefits to fans.</p><p><strong>6)</strong> <strong>Revenue Control for Creators:</strong> Creators have greater control over earnings and establish closer connections with their audience.</p><ol start="7"><li><p><strong>Security:</strong> Blockchain technology ensures high security, guarding against fraud and hacking.</p></li></ol><p><strong>🔎 Types of Social Tokens</strong></p><p>According to Messari&apos;s &quot;The Value Capture of Social Tokens&quot; article, social tokens fall into three interrelated categories:</p><p>💎 <strong>Creator Tokens</strong></p><p>Individuals like influencers and artists create these social tokens to monetize their content and garner support from their audience. The tokens are sold to their followers/fans, boosting their popularity and revenue. Token holders often enjoy various privileges, such as contacting the celebrity or joining exclusive chat groups.</p><p>💎 <strong>Community Tokens</strong></p><p>Community tokens are issued not by individuals, but by communities. These communities can range from sports teams and clubs to DAOs or groups formed around artists or celebrities. These tokens provide various benefits and access to the community, and their value can increase as the community grows and succeeds.</p><p>💎 <strong>Social Platform Tokens</strong></p><p>dApps, often issue their own digital currencies known as &quot;platform tokens.&quot; These tokens are used to encourage users to participate on the dApp&apos;s platform. Users can use these tokens for various purposes like tipping content creators, voting on decisions about the platform, or buying products and services.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/49a379f73797f2cf7ed49da8e487b49fa5c7ce61636dc9a62a2233860d48629a.png" alt="" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="hide-figcaption"></figcaption></figure><p><strong>⭐ Popular Social Tokens</strong></p><p><strong>Whale (WHALE)</strong>: Whale is a unique token backed by a valuable digital art collection and NFTs. It&apos;s considered one of the pioneering social tokens that successfully bridged the gap between cryptocurrency and digital art.</p><p><strong>Roll (Social Money)</strong>: Roll provides a platform for creators to issue their own branded digital currency or social money. These tokens can be used to unlock benefits, content, or experiences within the creator&apos;s community.</p><p><strong>Chiliz (CHZ)</strong>: Chiliz is a token designed for sports and entertainment, powering the Socios.com platform. It allows fans to engage with their favorite sports teams through voting rights in club decisions and offers exclusive rewards.</p><p><strong>Rally (RLY)</strong>: Rally is a platform that enables creators to launch their own digital currency to build independent economies with their communities. Each creator&apos;s coin is unique to their brand or community.</p><p><strong>Explaining Social Tokens to Grandma 👵💡</strong></p><p>You have a special digital token, kind of like a rare coin, but it&apos;s for the internet. This token is linked to someone famous you like - maybe a singer or a sports team. By having this token, you get special treats: maybe early access to their music, or a chance to see them play before everyone else.</p><p>These tokens are valuable, not just like keepsakes, but they can actually become more valuable if the person or team becomes more famous. And don&apos;t worry, they&apos;re kept safe in a digital way, using something called blockchain. It&apos;s a bit like having a secure online album where you keep these special tokens. So, it&apos;s a new, fun way to feel closer to your favorite stars in this digital age!</p><p>You can also follow me on other platforms:</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/MelikeBarut7">X</a><br><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://Lens">Lens</a><br><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.linkedin.com/in/melikebarut">LinkedIn</a></p>]]></content:encoded>
            <author>melike-barut@newsletter.paragraph.com (Melike Barut)</author>
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            <title><![CDATA[What is SocialFi?]]></title>
            <link>https://paragraph.com/@melike-barut/what-is-socialfi</link>
            <guid>WU65K9vkGnsbsARrLCdJ</guid>
            <pubDate>Thu, 21 Dec 2023 11:08:30 GMT</pubDate>
            <description><![CDATA[💥 We often say SocialFi is a blend of the words "social media" and "finance. But it’s more than that 💥 In the internet era, people are not only sharing information and thoughts, but they are also able to monetize these interactions. SocialFi steps at this juncture, enabling users to convert their interactions on social media platforms into tangible financial value (social tokens) and to do so in a decentralized way. So why is there a need for SocialFi? 💭 Although social media has fundament...]]></description>
            <content:encoded><![CDATA[<p><strong>💥 We often say SocialFi is a blend of the words &quot;social media&quot; and &quot;finance. But it’s more than that 💥</strong></p><p>In the internet era, people are not only sharing information and thoughts, but they are also able to monetize these interactions. SocialFi steps at this juncture, enabling users to convert their interactions on social media platforms into tangible financial value (social tokens) and to do so in a decentralized way.</p><p><strong>So why is there a need for SocialFi? 💭</strong></p><p>Although social media has fundamentally changed our ways of communication and interaction, current Web2 platforms fail to fully transfer the power and freedom of expression to the users. Issues like censorship, privacy breaches, and monetization of data are some of the concerns these platforms pose for their users. SocialFi, leveraging Web3 technology, offers an innovative solution to these problems. Users can convert their interactions and content into tangible values through social tokens, making the concept of &quot;social capital&quot; a concrete metric rather than an abstract one.</p><p>In other words, SocialFi takes users from being “workers” to being the “owners” of their content. <strong>💪</strong></p><p><strong>Advantages of SocialFi?</strong></p><p><strong>✔️</strong> Decentralized storage: All user data on Socialfi is stored on blockchain. This significantly reduces the risk of data misuse by centralized systems</p><p><strong>✔️</strong> Token Reward System: Unlike Web2 platforms, users earn income by earning token rewards from their interactions and content. This paves the way for quality content.</p><p><strong>✔️</strong> Censorship Resistance: SocialFi apps support freedom of speech by preventing censorship.</p><p><strong>✔️</strong> Direct revenue model: A system where the money goes directly to the creator without an intermediary platform</p><p><strong>✔️</strong> No sudden account suspension: No one can kick you off the platform because they find your content offensive or for some random arbitrary reason. This is decided by governance DAOs.</p><p><strong>✔️</strong> Digital property rights: Users retain ownership rights to the content they create, as a safeguard against it being suddenly taken away from them</p><p><strong>Popular SocialFi infrastructures 📌</strong></p><ol><li><p><strong>Lens Protocol</strong>: Open social graph on Polygon, focused on giving creators ownership over their community interactions, enabling interoperability across apps, and fostering a modular, user-controlled social network with permanent content and connections.</p></li><li><p><strong>CyberConnect</strong>: A decentralized social graph for building blockchain-based social networks, emphasizing user data ownership and network portability</p></li><li><p><strong>DeSo Protocol</strong>: A specialized protocol for scalable decentralized social media apps, supporting content monetization.</p></li><li><p><strong>Tako Protocol</strong>: Decentralized social monetization protocol, offering open infrastructure for decentralized social networks and creators.</p></li><li><p><strong>RSS3</strong>: It’s an open protocol designed for the Web3 ecosystem, focusing on efficient and decentralized information distribution on the Open Web.</p></li><li><p><strong>Livepeer</strong>: A network for live and on-demand video streaming, offering developers innovation freedom, creators platform autonomy, and viewers diverse experiences.</p></li><li><p><strong>Farcaster</strong>: A decentralized social network protocol focusing on user privacy and censorship resistance on Ethereum.</p></li></ol><p><strong>Explaining SocialFi to Grandma 👵💡</strong></p><p>SocialFi is like when you use Facebook to chat and share photos, but as a bonus, you can earn money from it! It&apos;s a mix of social media and making money online. Instead of just posting for fun, imagine getting paid when people like or comment on your garden/family photos, or recipes.</p><p>You own everything you post, and there&apos;s a special digital tag (called an NFT) that proves it&apos;s yours. Unlike regular social media, where someone else decides what can be shown, SocialFi lets everyone speak freely.</p><p>It&apos;s like a digital town square where you can share your stories, and in return, you might get little rewards, kind of like those coffee shop loyalty points. This isn&apos;t just a new internet thing; it&apos;s a way for people to express themselves freely and even make some money from their hobbies and ideas.</p><p>You can also follow me on other platforms:</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/MelikeBarut7">X</a> <br><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://kaira.network/profile/melikebarut">Lens</a></p>]]></content:encoded>
            <author>melike-barut@newsletter.paragraph.com (Melike Barut)</author>
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