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Lens vs. Farcaster: The Battle of Web3 Social Media Platforms
Beginner

Lens vs. Farcaster: The Battle of Web3 Social Media Platforms

The article compares the development of two decentralized social media platforms, Lens and Farcaster. Farcaster quickly grew into a phenomenal crypto social media platform by incentivizing users to post content using the "DEGEN" tag reward mechanism, attracting a large number of users and revenue. The Lens platform launched the BONSAI token, attempting to imitate Farcaster's success. The BONSAI token combines the features of ERC20 and ERC721, and despite price fluctuations, its use and acceptance on the Lens platform are gradually increasing. The Lens protocol, in collaboration with Bundlr Network and Arweave Ecosystem, launched an L3 extension solution called Momoka to improve transaction processing capability. Although Lens is still behind Farcaster in user activity and community size, it is working hard to narrow the gap through the Bonsai token and the Momoka solution.
4/16/2024, 6:03:21 PM
What is Router Protocol?
Advanced

What is Router Protocol?

Router is a Layer 1 secure, scalable, modular, and composable framework for cross-chain interoperability protocols, allowing Dapps to be accessed from multiple chains.
6/30/2024, 2:06:47 PM
What is Enzyme Finance? All You Need to Know about MLN
Intermediate

What is Enzyme Finance? All You Need to Know about MLN

Enzyme Finance is a user-friendly, DeFi platform for asset management, and available on Ethereum and Polygon. Users can build, manage, and invest in customized portfolios of digital assets.
2/20/2024, 6:40:03 AM

O seu portal de acesso ao mundo das criptomoedas. Subscreva o Gate para obter uma nova perspetiva

O seu portal de acesso ao mundo das criptomoedas. Subscreva o Gate para obter uma nova perspetiva