Phaver's Points Economy 2.0: Navigating Rewards & Engagement in Web3 Social

Embark on an exhilarating journey into decentralized social platforms with Joonatan Lintala and Tomi Fyrqvist, creators of Phaver, at the Edge of NFT. Explore their vision for reimagining rewards for creators on the blockchain, and unlock insights into building a decentralized social experience. Gain perspectives on Web3, NFT integration, and the democratizing power of this groundbreaking project!

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🔑 Key Takeaways:

◆ Integrating NFTs for Community Credibility: Integrating NFTs within social media can bring social context and establish community credibility within Web3 platforms.

◆ New Approach to Monetization and Advertising: An opt-in model for advertising and revenue-sharing options provides users with a more engaging and transparent experience on the platform.

◆ Overcoming Challenges of Multi-Channel Community Management: Providing a stable "home base" for Web3 communities offers a potential bridge to simplify community engagement and reduce noise across channels.

💬 Quotes:

◆ Web 3 Revolutionizes Social Media: "Web 3... provides early contributors with high rewards and investment opportunities, unlike in the web 2 model." - Tomi Fyrqvist

◆ The Future of Cryptocurrency: "So in Web 3, you predetermine the pie. And then you say, like, this is how it should be in the end game. Versus in web 2, you start with the whole pie, and then you start diluting." - Tomi Fyrqvist

◆ Redefining Social Media: "The realization of the need to rebuild social media from the ground up, rather than building on existing web 2 platforms." - Joonatan Lintala

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