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fblauer01 · 2 years ago

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How NFT’s and AI tools complement Web3 Social Media

Introduction

NFT’s and AI complement web3 social media. For example NFT’s can be used for access to exclusive content, voting rights, raising money to fund projects, the ability to create and own digital art, and trade with other users for collectibles, ticketing etc. When you combine this with social media and AI, it is even more powerful. With AI tools for creating images and blogging for example, almost anyone can be more productive and creative. So far the AI is mostly being used for text content and images, but will soon we will be able to use it for videos, sound and music as well. People are experimenting with new types of creative expression, and value based social interactions which were not possible before. I will give you some examples of “nextgen” social platforms that I have been using and evaluating.

Platforms

Deso/Diamond app, NFTz etc.

Here is a high level summary of the Deso platform. Onboarding is pretty easy, and you don’t require a special invitation. You will need a tiny bit of Deso for gas, but it will go a long way. You can buy a few dollars worth with fiat currency, and that will be more than enough to get going. You can always earn more. Deso is the least expensive platform that I have seen. Compute and storage is very cheap (see summary above). There are lots of different dapps and new ones appearing all the time. They all integrate and share the same social feeds, identity and social graph (followers etc). So for example you can have a discussion about a particular NFT on NFTz, where you can mint, display and sell NFT’s. The NFT can also have a social feed with likes, microtips and comments. The social feed will show up in other Deso dapps. You don’t have to login again to other Deso dapps since they share the identity.

There are also ways of monetizing popularity or influence with creator coins. So, you can invest in creators who you think have a lot of potential, or buy your own coins to push up the price. This social platform is more mature than most of the other ones, and most of the important elements are in place like NFTz market that also does streaming music NFT’s, streaming music and video apps, online video (like a decentralized zoom), blogging platforms, group conversations etc.

The deso blockchain has a lot of features planned, and is moving to “proof of stake” consensus in the new year. According to the stats, Deso has the most adoption for Web3 social media which makes sense since they are the oldest and they don’t limit users with required invitations.

Polygon/Lens, Opensea etc.

Most people are familiar with the polygon sidechain, if you have used Defi for example. It uses the Ethereum EVM, and Matic tokens for gas. This is the platform on which Aave has chosen to build Lens. You will need an invitation, and the Metamask wallet to onboard. Your identity will be minted as an NFT. The UI is pretty nice and reminds me of tumblr. The various dapps are compose-able with one another and share social feeds, identity and social graph. There is a rudimentary NFT platform called Lensport, but you will have to use Opensea to mint your NFT’s. You can also monetize posts by selling the content as NFT’s. There is an interesting dapp on the Gallerydao which makes it easy to create NFT’s with some Dall-E AI themes and then allows you to mint them directly. There is a good aggregator of music NFT’s called Ooh La La, which will also work with many other EVM platforms. There is also a youtube like video platform, and various other dapps for mobile and desktop. They all share common feeds. Lens has some good integration partners on polygon, and I have heard some talk of them moving to the new polygon ZKEVM platform for further scalability.

Solana/Solcial, Magic Eden etc

Solcial came out recently, and is already gaining a good following. The UI is very nice, and it is pretty easy to use, especially if you are familiar with Solana. The chain is fast, inexpensive and there is a lot of development going on. The social feeds are pretty straight forward. You can chose who to follow, you can vote posts up and down, it shows you popular posts etc. You also get to monetize contributions with a creator coin, and tier 2 access level . Each user can create and sell premium content, which can be blog posts or free NFT’s for example. The profile section will allow you to mint NFT’s directly to the blockchain, and they will show up on Magic Eden NFT market. But you have to get permission from Magic Eden to list them for sale. There are many improvements planned for the new year. There aren’t many integrated dapps yet, but I expect them to partner up with other solana dapps and developers, like NFT markets, gaming etc.

Near/Near.social, Paras etc.

The Near chain is pretty fast and inexpensive. It also has a sister EVM chain called Aurora. There are 2 social dapps on native Near. One is called Myriad and the other is near.social. Near users will find them both pretty easy to use. The second one is newer, and I have been spending more time with that one. You can mint NFT’s on Paras, and they will show up on the Near blockchain and near.social. The social feed is similar to the one on solcial, but not as extensive yet. There isn’t a lot of content yet, but I expect it come as more people find out about it.

Web2/Twitter/Mask

Twitter has been losing a lot of users since Musk took over, but I won’t get into the politics of censorship and the like. Suffice it to say that they still have a lot of users, and its a pretty good platform despite all the complaints. They may be able to resolve the current problems and turn it around. In the mean time Mask.io has various “nextgen” features like Web3 wallet support, NFT support, encrypted direct messages, Mask profile/ID, fundraising, token swapping, decentralized file storage, fiat on-ramp, decentralized governance etc.

Web2/Post.news

A very easy to use and well designed twitter replacement, but it does have a waitlist and requires an invitation. It does have tipping for content. But it is centralized, and there doesn’t seem to be a lot of info available about how it works on the back-end, governance, and plans for the future, like web3 support etc. So, it works well for people fleeing twitter, but I don’t know enough about the long term.

Web2/Meta/Instagram

Facebook (Meta) and Instagram have the same owners. They have started introducing NFT’s on Instagram in some regions and are slowly rolling it out. Facebook has been working on its metaverse platform, and I assume that it will incorporate blockchain and NFT’s in some way. In the mean time, they still have a lot of users, but many of them are looking at moving away from centralized control, lack of privacy etc. I won’t get into the controversial topics here.

Tools

app.yup.io - combines feeds form various sources (Farcaster, Lens, Mirror blogs)

Conclusion

NFT’s are a new way of monetizing culture. Here is an example of my Rockstarz collection on Opensea. Here is a similar collection of mine on NFTz. It contains a series of images of famous musicians which I created with an AI tool called Stable Diffusion: https://opensea.io/account?tab=created My intention was not to make money per se, but to see what could be done with some of the new AI tools, NFT markets and social media. The various new technologies are converging and will be more powerful than the sum of the parts when they seamlessly work together. We are already starting to see 3D virtual art galleries which add another new dimension.

But for now, the various platforms are only compo-sable within the same blockchain, so those barriers need to be broken down. We are going to have to see co-operation between the different Web3 platforms for truly mainstream adoption. It will also have to get less complicated to use. For example you shouldn’t have to know or worry about what an EVM (Ethereum Virtual machine) compatible chain is. This should be abstracted for the user and be simple and straight forward to onboard and use. As an analogy, when you switch from one automobile brand to another, you don’t have to know what kind of engine it is. Most people just to get into the car and drive. When it breaks down, they take it to a mechanic (technical support). Most of the tech support for now is done by the community discord forums, which is still web2 based.

There are probably too many social media alternatives right now. Between Web2 and Web3, they can’t all survive. They will be too fragmented unless they can all connect to each other. That won’t happen in the web2 world since there are proprietary interests involved. Web3 has a different business model which is community based. For now, each platform offers its own set of features, strengths, and weaknesses. Users will have to evaluate their needs and preferences and decide which platform is best for them in the short to medium term. Its hard to know now how things will play out in the long run.

In the mean time, the space is evolving very fast, and I am already getting some good value from using the dapps. I am gaining experience with AI tools and applying them to practical social situations like creating images and blogging. The content will only improve as more users join in, and the features will also improve as we attract more quality developers, and when we see more dapps that can span multiple chains, and work together.

Personally I prefer organic growth rather than hype and promotion but that is what attracts the users and the funding. From my testing and kicking the tires, I have no doubt that Web3 will be a quantum leap forward from what we have now in Web2. Its already happening. Start off with post.news , and then get your feet wet with Deso. Go down the rabbit hole. You won’t look back.

"The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn." ~ Alvin Toffler

Short Summary

NFT's are a new way to monetize culture. Platforms like Twitter and Facebook have slowly been introducing NFT's, but many users are searching for alternatives in decentralized and censorship-resistant networks. Web3 alternatives like Deso and Post.news offer NFT's and other features, but the space is fragmented and still in development. To truly maximize the potential of NFT's and Web3, platforms will have to cooperate, and work together. and support information flow.

#music #ai art generator #nft

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wolfyxcrypto · 2 years ago

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Merry Christmas check out the newest NFT I just minted and the utility behind it. 🐺🎅

#deso #openfund #nftz #nft #nfts #NFTdrop #NFTCommuntiy #wolfyxcrypto #crypto #DAO

https://nftz.zone/nft/56ff507ab35b39fb64c96c0badca8d32626eafe114ee88df86f53734b76e538b

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aos-presents · 1 year ago

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Stop by the gallery. Follow the ACE$ community and culture on Twitter, onboarding your NFT art, projects and inspiration. Here for you during the biggest digital ecosystem shift. Connect, in the morning coffee chat..

Legendary mornings start on Twitter

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extreme-investor-network · 2 years ago

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The Rise and Fall of NFTZ: What Happened to the World's First NFT ETF?

The world's first exchange-traded fund (ETF) for NFTs, NFTZ, is shutting down. Defiance ETFs, the company behind NFTZ, recently announced its decision to "close and liquidate" the fund by February 28th. This news has come as a surprise to many, especially since NFTZ had a highly anticipated launch back in December 2021. NFTZ was a novel investment vehicle that allowed investors to gain exposure to companies involved in the NFT and cryptocurrency space. The ETF tracked firms like toy collectibles company Funko, online marketplace Ebay, and digital asset exchange Coinbase. With shares of the fund listed on the New York Stock Exchange, NFTZ was poised to be a game-changer in the investment world. However, things did not go as planned for NFTZ. Despite the hype surrounding the NFT market in 2021, the ETF struggled to gain traction and fell 11% in its first two days of trading. This price drop, along with a general decline in interest in the crypto world, ultimately led to the downfall of NFTZ. ETFs, such as NFTZ, are popular investment vehicles that offer indirect exposure to underlying assets through shares. In the case of NFTZ, investors could own a stake in several companies related to the NFT space without having to store the assets themselves. This was a novel concept, as other NFT ETFs, like KuCoin's NFT ETF, only allowed users to own proportionally shared ownership of specific NFTs. The rise of NFTs in 2021 was nothing short of spectacular. Celebrities, major companies, and investors flocked to the NFT market, eager to get in on the action. However, with the price of Bitcoin and other cryptocurrencies plummeting, interest in the crypto world has waned, and NFTs have not been immune to this trend. The Future of Crypto ETFs Despite the downfall of NFTZ, the SEC has approved a fourth Bitcoin futures ETF. This ETF is different from previous offerings in that it tracks the futures of Bitcoin rather than directly tracking the digital currency itself. Bitcoin spot ETFs, which directly track the largest digital currency, are not yet available in the US. While many major crypto companies have applied to launch one, they have thus far been rejected by the SEC. In conclusion, the story of NFTZ serves as a cautionary tale for those looking to invest in the crypto space. The rapid rise and fall of NFTZ is a reminder of the inherent risks and volatility of the cryptocurrency market. It remains to be seen what the future holds for NFTs and other crypto ETFs, but for now, investors should proceed with caution. Original Article Here: Read the full article

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heyscroller · 2 years ago

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S&P 500 gains on Tuesday as it heads for best January since 2019

Defiance’s NFT ETF is shutting down The Defiance Digital Revolution ETF (NFTZ) will begin liquidation next month, according to a press release, making it the latest casualty in last year’s crypto decline. The fund holds stocks that have exposure to the non fungible token market, or NFTs, which soared in value at the height of the crypto boom before seeing trading volume dry up quickly last…

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kriptozz · 2 years ago

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Decentralized Social DESO Coin Nedir ?

Decentralized Social DESO Coin Nedir ? Bugün, sosyal medya beş merkezi mega şirket tarafından kontrol ediliyor ve DeSo bunu değiştirmek istiyor. DeSo, Bitcoin veya Ethereum gibi yeni bir katman-1 blok zinciridir, yalnızca sıfırdan sosyal medya uygulamalarını dağıtmak için oluşturulmuştur. DeSo, Sequoia, a16z, Coinbase ve diğerleri dahil olmak üzere destekçilerden 200 milyon doların üzerinde fon topladı. Bugün DeSo'nun 2 milyondan fazla cüzdanı var ve Diamond (diamondapp.com), OpenProsper (openprosper.com), NFTz (nftz.me), Openfund (openfund.com) ve diğer yüzlercesi gibi sosyal DApp'ler aracılığıyla erişilebilir. . Gate. İo Borsası Listelenme Ön Satış Bilgileri Bir Hisse: 20 USDT Tahsis / Pay: 2.994 DESO Toplam Pay: 2000 Uygunluk: KYC 2 kullanıcıları Maliyet: Ücretsiz Kurucu Nader Al-Naji Nader, DeSo Blockchain'in yaratıcısıdır. Nader, Basis'i kurmadan önce Google'da bir mühendis ve D. E. Shaw & Co.'da bir miktar uzmanıydı. Nader, kriptoya 2013 yılında kolejde başladı ve burada ücretsiz kampüs elektriğinden tam 24 Bitcoin madenciliği yapmayı başardı. Read the full article

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cripta-today · 2 years ago

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NFTz запускает новую парадигму в распространении аудио NFT

New Post has been published on https://cripta.today/nft/nft-proekty/nftz-zapuskaet-novuju-paradigmu-v-rasprostranenii-audio-nft/

NFTz запускает новую парадигму в распространении аудио NFT

Запущенная вчера платформа NFTz теперь позволяет пользователям создавать аудиофайлы (музыку, аудиокниги, подкасты, звуковые эффекты, звуковые пакеты и т. д.) в виде невзаимозаменяемых токенов (NFT).

NFT может включать в себя несколько аудиофайлов/треков, которые затем можно поместить в zip-файл и хранить на децентрализованных серверах. NFTz поддерживает форматы файлов .mp3, .ogg и .wav, а также использование графики для представления звука NFT, включая анимированные GIF-файлы. Кроме того, художники могут включать разблокируемый контент для тех, кто покупает их NFT. Это может быть что угодно: от высококачественных файлов большего размера до QR-кодов. В отличие от других торговых площадок NFT, роялти встроены в NFT в сети, что означает, что они неизменны и постоянны.

«Мы понимаем, что в ближайшие несколько лет NFT будут касаться не только изображений, аватарок и изобразительного искусства, — пояснил Эд Крассенштейн, генеральный директор NFTz Inc. а именно пространства для распространения музыки и аудио. NFTz имеет хорошие возможности для того, чтобы воспользоваться преимуществами этой трансформации, отчасти благодаря социальным возможностям блокчейна DeSo».

Благодаря встроенному социальному уровню NFTz может связывать музыкантов и аудиопродюсеров со своими подписчиками, позволяя артистам общаться, обсуждать и даже получать вознаграждение в виде советов за контент, который они производят и продают.

Чтобы представить эти новые функции, NFTz тесно сотрудничал с музыкальным продюсером, ди-джеем и художником NFT Murkury, чтобы выпустить первый в истории Audio NFT на своей платформе.

В дальнейшем компания намерена внедрить «Audio Streams», чтобы поклонники и слушатели могли внимательно следить за своими любимыми исполнителями, приобретать их контент и взаимодействовать упрощенным образом.

NFTz — это веб-мобильное приложение, построенное на блокчейне DeSo, которое позволяет хранить контент социальных сетей в сети. Приложение использует этот относительно новый блокчейн для предоставления расширенных функций NFT и их владельцам. Эти функции включают чаевые, комментарии, графики подписчиков и единую кросс-цепочку социальной идентичности. NFTz уже работает над интеграцией с Ethereum, Polygon и Solana, а также нацелена на многие другие сети. Веб-сайт │ Twitter │ LinkedIn │ diamond

#NFT #Музыка #Проекты

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