7. Conclusion: You now have cryptographic proof that this person is who they say they are—not a hacker, bot, or impersonator.

And since the challenge expires after 2 minutes, replay attacks are mitigated by design.

Why It Matters

1. Human-Level Authentication

This is not just about proving that a wallet signed something—it’s about proving that a known human did it. And that proof is built on:

Public social identity (X handle)

Cryptographic ownership (smart contract wallet)

Biometric control (Passkey)

2. Bot and AI Resistance

AI can simulate messages, but it can’t pass a live, biometric-backed cryptographic challenge bound to a social identity.

3. No Setup Needed

Anyone with an X account can instantly get a Vly Wallet tied to their handle. There’s no need to buy ENS names or learn complex crypto concepts.

4. Privacy Preserved

Verification is peer-to-peer. No central authority records who challenged whom. Only you and the person you’re verifying know the interaction happened.

5. Built for Real Interactions

This system works seamlessly across contexts:

In messaging apps

In Web3 governance

In decentralized customer support

In social commerce or DAOs

Wherever trust between people is required, 2FA for Human offers a lightweight, reliable proof.

❓Why Vly

Vly is rethinking digital identity from the ground up—starting with social handles and building toward a trust-first payments and communication layer.

“2FA for Human” is a natural extension of our belief:

Every person deserves tools to prove who they are, without giving up privacy or relying on centralized gatekeepers.

As deepfakes evolve, impersonation grows more dangerous, and AI continues blurring the lines between real and fake, we believe this system isn’t just useful—it’s essential.

Final Thoughts

Trust was once analog—built face-to-face, over time.

Then it became digital—relying on usernames and passwords.

Now, it must become cryptographic—grounded in identity proofs that only the real human can produce.

2FA for Human is our answer to the question:

How do you trust a message when you can’t trust the medium?

With this tool, Vly puts the power to verify people back in the hands of people.

2FA for Human: The last line of defense for human trust.

👉 Try it at vly.money

We’re excited about the growing love for Vly, and that’s why we’re expanding our Core Vlyer Program here!

Vly is a social-first Web3 project.

No wallet addresses, no seed phrases — just use your social handle to send/receive crypto.

With Vly Wallet, Vly Wheel, Vly AI Agent, and vUSD (1:1 to USDC on Solana), we’re building a smarter, simpler crypto future.

Vly X: https://x.com/vlyyai

Vly Telegram: https://t.me/VlyCommunity/

Vly Discord: https://discord.gg/PREyPDxz7K

Now we’re looking for Core Vlyers to help grow the vibe 🌱

Web3 is more than tech — it’s people.

Vly is building a new value layer for social network, where attention has real value and users — not platforms — own the spotlight. But tech alone isn’t enough. We need voices, culture, memes, education, and stories — powered by real users. That’s where you come in.

The Core Vlyer Program isn’t just a campaign — it’s the start of a decentralized, community-led movement.

We’re not looking for influencers — we’re looking for builders of our culture. 🌀

This is your chance to co-build, grow with the community, and bring more creativity and emotion into Vly for global users.

Open to all, anytime, anywhere — this is an ongoing, long-term Core Vlyer Program, always on.

👉 Apply here https://forms.gle/hMDiYZzzCcThQVkRA

💫 You’re a fit if:

You get how Vly works and why it matters.

You’re in the Vly community, active online, and love engaging with people.

You want to help bring social payment to everyone — no fancy resume needed!

💡 What You’ll Do：

No need to do it all — just focus on what you love and where you shine. We believe in playing to your strengths!

💙 Support the Community

Answer questions and help new users in your local language

📣 Spread the Word

Share or repost Vly content on X

Min. 3 posts/week, incl. 1 original post

🎨 Create Content

Make memes, videos, or posts to explain Vly or onboard new users.

1+ per week.

📊 Be The Bridge

Report community insights weekly in our core X group.

👉 Apply here https://forms.gle/hMDiYZzzCcThQVkRA

🎁 Rewards:

Your rewards will mainly come from bonuses!

A secret basic vUSD/week, plus up to +20 vUSD bonus for top content! So

We’ll mainly evaluate your contributions based on how well you support, spread on X, and create engaging content.

🔥 High-quality interactions, X posts, and standout content earn extra bonus.

1000 LIKE/week for tipping on X

RTs & shoutouts from @vlyai

Early access to features

Connect with Web3 builders & fellow core vlyer

The stablecoin market has grown exponentially in recent years, with several major players dominating the ecosystem. USDT (Tether) leads the pack with an impressive market cap of approximately $144 billion, primarily serving as collateral for cryptocurrency trading contracts. However, USDT faces significant challenges, including regulatory issues in multiple regions due to its association with illicit transactions. Additionally, persistent concerns about the transparency of its actual USD reserves have led to ongoing scrutiny.

USDC, the second-largest stablecoin with a market cap of around $60 billion according to CoinMarketCap, offers improved regulatory compliance and transparency, making it the preferred choice for institutions and regulated entities. But it is rarely used for offline payments. Meanwhile, decentralized stablecoins like DAI and algorithmic options like USDe (each with approximately $5 billion market cap according to CoinMarketCap) have established niche positions but see limited use in everyday transactions, with their influence primarily confined to specific on-chain exchanges.

Persistent Challenges in the Stablecoin Ecosystem

Despite their growing adoption, today's stablecoins face several critical limitations:

Gas Fee Barrier: On-chain transactions, regardless of the amount, require high gas fees that must be paid using the blockchain's native tokens (such as ETH or SOL), which contradicts the convenience typically expected of currencies. Although some blockchains support Account Abstraction (AA) wallets that allow users to flexibly pay gas fees using stablecoins, the cost is still ultimately borne by the user. These barriers and frictions significantly hinder adoption in small, high-frequency scenarios such as social payments and retail transactions.

Regulatory Complexity: Complex regulatory requirements prevent most stablecoins from being directly used for real-world purchases and consumption.

Offline Consumption Costs: Alternative solutions like crypto-linked cards impose additional burdens through 1-5% processing and conversion fees.

Introducing vUSD: Reimagining Digital Payments

As a key component of the Vly Roadmap, vUSD has been designed to address these fundamental challenges. Its primary use case centers on Social Payment scenarios, enabling gas-free tipping, airdrops, and access to premium content.

In addition, through a strategic partnership with some regional partners, vUSD will integrate with an extensive network of offline Point-of-Sale (POS) terminals, facilitating zero-fee payments in physical retail environments.

Key Features

vUSD offers several distinctive advantages that position it as a breakthrough in digital payment solutions:

1:1 USDC Backing: Each vUSD is fully collateralized by USDC, ensuring stability, security, and regulatory compliance.

Zero Gas Fees: Transfers and payments using vUSD incur no fees, as all network operating costs are fully covered by Vly.

Instant Settlements: Transactions complete in seconds, almost instantly.

Seamless Interoperability: Bidirectional bridge with Solana allows users to freely convert between vUSD and USDC for other Web3 applications.

Robust Anti-Money Laundering Protections: Safeguarding both merchants and consumers while maintaining compliance.

The Future of vUSD in PayFi

As digital payments continue evolving, vUSD is positioned to become a cornerstone in the emerging PayFi (Payment Finance) landscape. By combining the security and transparency of blockchain with the convenience and affordability of traditional payment systems, vUSD creates new possibilities for financial inclusion, cross-border transfers, and everyday commerce.

The elimination of fees and instant settlement capabilities make vUSD particularly suited for micropayments, creator economies, and community-based financial activities where traditional stablecoins have struggled to gain traction.

With vUSD, we're not just introducing another digital currency—we're reimagining how money moves in the digital age, making transactions more accessible, affordable, and aligned with how people naturally think about and use money in their daily lives.

But here’s the catch: despite this evolution, most token distribution mechanisms in the blockchain space remain outdated. They fail to align incentives with what truly drives value today—attention. It’s time for a change.

The Broken State of Token Distribution

The disconnect between token distribution strategies and genuine community engagement remains one of the biggest challenges facing Web3 projects today. Traditional airdrop models are plagued by core flaws:

Overly complex, one-time drops that demand significant technical setup

High entry barriers that deter mainstream adoption

Expensive gas fees that erode the user value

Susceptibility to exploitation by bots and MEV attacks

The time to empower the AttentionFi Infrastructure

Vly Wheel represents a paradigm shift in how attention is valued and rewarded in the Web3 ecosystem. Built on the robust foundation of the Vly ecosystem, it serves as a sophisticated social payment tool that creates bidirectional value flows between creators and their communities.

Core Principles

Vly Wheel operates on three fundamental principles:

Attention deserves compensation - Social engagement generates real value that should be rewarded

Real-time adaptability - Unlike rigid airdrop schedules, creators can respond to market conditions and community needs with immediate token distributions

Frictionless mechanics drive adoption - Token distribution should be simple and gas-free

Key Features

Hashtag-Based Activation - Simple "#vlywheel" commands activate powerful distribution mechanics

Gas-Free Transactions - The Vly Payment Layer eliminates gas fees for all participants

Flexible Reward Criteria - Support for diverse engagement types including retweets, replies, and quotes

Proportional Distribution - Rewards scale based on the visibility and influence generated

Cross-Platform Compatibility - Designed for seamless integration across social platforms

Bot Protection - Advanced mechanisms to ensure rewards reach genuine community members

Implementation Guide

Using Vly Wheel is remarkably simple: just reply to your target content with "#vlywheel" followed by your instruction, and the Vly Agent automatically sets up the task for you. When participants complete the required actions, the Vly Agent directly distributes rewards to their wallets according to your specified rules—no manual intervention needed.

Instructions can be given in any language, in any format. As long as it clearly contains the five elements of the task (e.g., retweet), the distribution rule (e.g., random), the distribution amount (e.g., 20vUSD total), the number of distributions (10 people), and the time (e.g., in 2 hours). It's worth noting that you can also not add a time, which allows the reward to be distributed directly to participants who have completed the task before this moment. This mechanism is a reference to traditional airdrops, which are used to surprise and reward the participants for their silent efforts.

In this case, they activated Vly Wheel to boost the engagement of their "Web3 Co-Giveaway" event by replying with:

#vlywheel drop 20 vUSD to random 10 people who retweet in 2 hours.

This simple command instructed the Vly Agent to:

Monitor retweets for the next 2 hours

Randomly select 10 participants from those who retweeted

Automatically distribute 2 vUSD to each selected participant (total of 20 vUSD)

The entire process occurred without any gas fees, complex claim processes, or technical barriers. Participants simply engaged with content naturally, and rewards were distributed automatically to their Vly wallet based on the specified criteria.

This example demonstrates how Vly Wheel transforms traditional giveaways into powerful engagement tools that benefit both creators (who gain visibility and community growth) and participants (who receive tangible rewards for their attention and engagement).

The Future of AttentionFi

Vly Wheel is poised to become the core infrastructure powering the attention economy in Web3—delivering an end-to-end solution that includes:

Attention Measurement – Advanced metrics that accurately quantify user engagement

Liquidity Distribution – Effortless token flow from projects to the community members driving real value

Influence Evaluation – Sophisticated algorithms that identify and reward genuine social capital

Cross-Platform Integration – A unified attention layer connecting diverse social ecosystems

In a world where attention equals value, Vly Wheel emerges as the critical missing link—turning passive engagement into active participation in project economies.

By reimagining token distribution from the ground up, Vly Wheel isn’t just optimizing outdated models—it’s building the foundational infrastructure for the next era of Web3 social dynamics, where everyone contributing to the attention economy earns their fair share of the value they help create.

In examining Farcaster, Friend Tech, and Mask Network, clear patterns emerge:

• Farcaster highlights the challenge of achieving mass appeal solely through data sovereignty.

• Friend Tech demonstrates the pitfalls of hype-driven speculation without meaningful product innovation.

• Mask Network shows that medium utility and moderate investment value may not be enough to dominate a competitive sector.

Vly aims to pioneer the integration of robust Social Payment functionality within a carefully designed token model, potentially balancing short-term engagement with long-term sustainability. Only time will tell which platform will successfully navigate the delicate balance needed to redefine Web3 social. With innovative features and a thoughtfully designed token economy, Vly presents a compelling blueprint for advancing both utility and investment value in tandem to create enduring growth.

Join the Vly community and grow with us 🪽 as we realize this exciting blueprint!

Lessons and Insights from Web3 History

1. Farcaster – Low Use Value & Low Investment Value

Brief Overview

Farcaster is a decentralized social network that emphasizes data sovereignty, giving users full control over their accounts and content.

Challenges

Although it addresses data ownership, this feature alone has proven insufficient to attract a critical mass of users.

Without an issued token or any related investment mechanism, Farcaster possesses extremely low investment value, which hampers its potential for rapid short-term growth and makes it difficult to sustain a balanced, long-term ecosystem.

Even though some potential airdrops have attracted early adopters, the number of monthly users has gradually declined over the past eight months to just 32,208. In comparison, Twitter boasts over 500 million monthly users.

Farcaster emphasizes the importance of combining user-facing utilities with financial incentives. While its commitment to decentralization is commendable, the lack of synergy between utility and investment has deterred widespread adoption.

Friend Tech – Low Use Value & Extremely High Investment Value

Brief Overview

Friend Tech introduced an innovative way to monetize online presence by tokenizing fan relationships. Users and fans could purchase “shares” in a creator or influencer, granting holders access to a private chat.

Challenges

The primary selling point—exclusive chat access for share holders—offers little additional value beyond what is already available on Web2 platforms.

Although the token design initially generated high investment value and attracted speculators, its Ponzi-like structure led to unsustainable growth. This ultimately disadvantaged latecomers who ended up paying for early participants’ gains.

Since June 2024, Friend Tech has essentially been on a downward trajectory, with its coin price spiraling downward. This platform vividly demonstrates that while investment value alone can create hype, the absence of genuine utility risks collapse once speculation subsides.

Mask Network – Medium Use Value & Moderate Investment Value

Brief Overview

Mask Network is a browser extension that allows users to link their crypto wallet address with a social media account, effectively enabling Social Payment directly on platforms like X.

Use Value

Social Payment overcomes traditional barriers related to geography, financial intermediaries, transaction fees, and currency exchange. This direct, frictionless payment method has driven consistent user engagement.

However, to receive a payment, recipients must bind their social media profile to their wallet address, which slightly limits the scope of usage.

Investment Value

Although Mask Network has its own token, more than 96% of the supply has already been released. It currently lacks strong use cases tied to token holding or staking, which diminishes its investment appeal.

Mask Network provides moderate utility through Social Payment and offers moderate investment potential. However, it has not yet cultivated the comprehensive synergy needed to dominate the Web3 social space. As a result, even though it maintains a stable market capitalization, it struggles to attract new users and achieve robust growth.

Vly – A Blueprint for High Use Value & Moderate Investment Value

Brief Overview

Vly is a relatively new entrant in the Web3 social sector that has recently made waves among creator communities in Asia and Africa. Learning from earlier platforms, Vly focuses on practical Social Payment innovations:

Payment via Social Handles: Users can transfer tokens simply by using a recipient’s social handle—eliminating the need to know or store a wallet address.

Token Distribution to Fans: Key opinion leaders (KOLs) or businesses on Vly can pre-fund token pools to reward fans or customers for completing specific tasks. This helps creators grow their audiences while giving fans the opportunity to earn rewards.

Creator Tipping & Exclusive Content: Fans can tip creators directly to unlock exclusive content, fostering a continuous cycle of value creation and engagement.

Investment Value

Vly’s recently released $Like White Paper outlines an AttentionFi-based Universal Basic Income (UBI) model, enabling both early and late participants to benefit from the network’s economic design.

This co-development of utility and investment value has the potential to support Vly’s long-term growth and maturity.

By combining value-in-use with value-in-investment, Vly aims to build a sustainable and prosperous ecosystem from which both creators and subscribers can derive long-term value—exactly the blueprint for Social Payment.

Conclusion and Outlook

Below is a brief chart comparing the four discussed platforms on Use Value and Investment Value:

Vly

 changes that with the introduction of AI-powered social wallets, a breakthrough that transforms AI from a passive advisor to an active financial agent, marking a watershed moment in the convergence of artificial intelligence and digital assets.

The Big Picture: Redefining AI's Role in Finance

Imagine having a highly intelligent financial assistant that doesn't just recommend actions but can actually execute them within your specified parameters. Until now, this has been impossible in the crypto space. Every transaction, no matter how well-advised by AI, required human intervention to execute. This bottleneck has limited the potential of AI in digital finance, creating friction in what should be seamless interactions.

Vly's innovation eliminates this barrier by allowing users to authorize AI agents to spend tokens on their behalf. As its first product, Vly introduces an AI Agent (

@vlyyai

) to execute payments or tips directly through social platforms like X (formerly Twitter) by simply tagging the agent in any posts. This innovation eliminates this barrier by allowing users to authorize AI agents to spend tokens on their behalf.

This isn't just a new feature—it's the birth of a new paradigm in how humans and AI collaborate in the financial sphere. AI is entrusted to own and control resources and this is profound. The implications of this breakthrough extend far beyond simple automation, representing a fundamental shift in how we think about digital asset management and AI agency.

A Paradigm Shift in Web3 Interaction

The crypto world has long been defined by the ubiquitous "Connect Wallet" button—a gateway that, while necessary, has created significant barriers for mainstream adoption. Users have had to navigate the complexities of connecting their wallets to various websites, understanding smart contract interactions, and constantly worrying about security risks from malicious dApps.

Vly's introduction of AI-powered social wallets fundamentally transforms this paradigm. Instead of users having to connect their wallets to multiple websites and manually approve each transaction, they now only need to approve an AI agent once within their secure wallet environment. This agent can then handle all subsequent interactions automatically, dramatically simplifying the user experience.

Approving AI Agent to spend token on behalf of users

This shift brings several crucial advantages:

Self Custody: Users hold their own fund in Vly, a self-custodial wallet

Enhanced Security: Users no longer need to connect their wallets to unknown websites

Reduced Complexity: No more dealing with complex smart contract interactions

Better Risk Management: AI agents can validate and verify transactions before execution

Streamlined Experience: One-time approval replaces multiple connection requests

The barrier to entry for Web3 is significantly lowered. Instead of requiring users to understand blockchain technology, smart contracts, and wallet security, they can simply authorize an AI agent to handle these complexities on their behalf—all while maintaining full control over their assets.

The Technical Magic Behind It.

future of digital finance is one where AI and humans work together seamlessly, where social identity bridges the gap between traditional and digital finance, and where a thriving ecosystem of AI agents provides increasingly sophisticated and personalized financial services. Vly's innovation isn't just transforming how we think about digital wallets—it's creating an open playground for the next generation of AI-powered financial services.

ABOUT VLY

Vly is a value layer of social networks, transforming social media handles into universal crypto payment addresses.

User-friendly: Send crypto using just @usernames—no wallet address required.

Seamless Access: Recipients don’t need a wallet beforehand to receive crypto.

Security: Built with Passkeys and threshold signatures for ultra-secure transactions.

Fully Decentralized: A non-custodial system supporting all blockchains.

Integrative SDK: Vly’s web-based SDK allows any platform to easily integrate social payments, bridging social networks with digital value transfer.

X: https://x.com/vlyyai

website：https://vly.money

Telegram Bot: @vly_wallet_bot

This enhances the user experience by keeping them within the familiar social app while still accessing the full functionality of the blockchain.

What are the differences between Vly and other wallet techs like MPC, AA, etc?

MPC wallet with social login

MPC (Multi-Party Computation) wallets often use social accounts as an authentication method, allowing users to log in through platforms like Google, Facebook, or Twitter.

However the wallet address generated in MPC systems is typically unrelated to the social login username. Instead these wallet generate addreses based on cryptographic keys managed across multiple parties for security purposes with no direct connection to the user social identity.

In contrast, Vly takes a different approach by deriving the wallet address directly from the user’s social media handle. This means that, unlike in MPC wallets, where the social login is merely for authentication and not linked to the wallet address, Vly compute.

users can send funds to a recipient’s social media handle (e.g., a Google email or X username) directly without asking for their wallet address.

Pregeneration wallet

The pregeneration of a crypto wallet using technologies like MPC is inherently a centralized and custodial process, as none of the key shares are controlled by the user during wallet creation

While some key shares may be handed over to users afterward, it remains uncertain whether the MPC provider retains copies of those shares. This raises concerns about whether the provider could potentially access or spend the user’s funds, undermining true self-custody.

AA wallet

Technically, Vly functions as an Account Abstraction (AA) wallet, as it uses a smart contract (canister) to manage the transaction signing process. However unlike typical AA wallets deployed on EVM chains, Vly’s smart contract is built and deployed on the Internet Computer

Additionally, Vly leverages a threshold ECDSA/EdDSA scheme to generate digital signatures for multiple chains. As a result, while traditional EVM-based AA wallets are limited to EVM-compatible chains,

Vly can be used across all blockchain networks, offering far greater flexibility

What are the differences between Blink and Vlink?

Two key differences:

Vlink can be used for all chains, not just Base.

Blink requires a browser wallet extension to function, making it unusable within mobile apps. In contrast, Vly can be opened and used directly within any social media mobile app.

How secure is the Vly?

The Vly offers enhanced security compared to conventional wallets for several key reasons:

No Private Key or Mnemonics to Leak: Vly uses threshold signature technology for transaction signing, meaning the private key is never fully constructed or stored.

This eliminates the risk of key or mnemonic leaks, a common vulnerability in traditional wallets.

Passkey Security: Vly incorporates Passkey technology, which is protected by the security chip on mobile devices, offering military-grade protection.

This hardware-based security ensures that even if the software is compromised, the Passkey remains secure.

Fully On-Chain Architecture: Built entirely on the Internet Computer (ICP), Vly’s front-end and smart contract logic are all hosted on-chain

This architecture makes it tamper-proof and highly resistant to hacks, as it is immune to the vulnerabilities often associated with off-chain components.

Audited for Security: Vly has been audited by a major auditing firm, ensuring that its security model and implementation.

This combination of threshold signature and Passkey technology, on-chain architecture, and third-party security audits makes Vly a highly secure solution for managing crypto transactions.

vly.money