The various events on social platforms are far more diverse than traditional political and sports topics, which provides great room for Web3 innovation.
What if we combine these trending events with Web3 mechanisms? For example, when a topic becomes popular, someone could issue a topic token around it; when an event occurs, users can bet on the outcome in prediction markets; well-known creators and super individuals can issue their own creator tokens to build followers and influence on social platforms; and support for cryptocurrency tipping and transfers via wallet addresses and payment methods like Venmo.
Essentially, this is creating a small financial market dedicated to each trending event and content creator. Different events generate different prediction markets, while MemeCoins and creator tokens allow participants to express their attitudes and share in the rewards. Such a diversified market model may stimulate user engagement more effectively than simple social media interactions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
4
Repost
Share
Comment
0/400
GweiWatcher
· 9h ago
Hey, regarding the topic tokens, it feels like another round of the same old money-grabbing scheme.
View OriginalReply0
AirdropChaser
· 9h ago
The approach of using topic tokens is indeed brilliant, but I'm afraid it might become a tool for scamming retail investors.
I'm optimistic about creator tokens, but I worry that 99% of project teams will ultimately run away.
Isn't this turning social media into a casino? It's quite exciting.
Prediction markets sound impressive, but in practice, they are definitely a way to scam.
Can't we stop always thinking about issuing tokens and first improve the social experience?
Creating small financial markets, in essence, is just about raising money.
I like this idea, but it all depends on who can actually make it happen.
View OriginalReply0
BlockchainGriller
· 9h ago
Wow, isn't this turning social media into a casino? I like it.
View OriginalReply0
NFTregretter
· 9h ago
Laughing to death, isn't this just turning social media into a casino?
Wait, if that's the case, every hot topic could be exploited by some people, which is a bit addictive.
Regarding the issuance of topic tokens... can it really evade regulation? It feels quite risky.
I'm actually a bit interested in creator tokens; it's much more reliable than direct tipping.
This logic sounds good, but in practice, it probably just results in a mess.
Multifaceted markets sound nice, but in reality, it's just more places for the leeks; I'm going to wait and see.
As for prediction markets, the ones really making money are probably those old players.
Just thinking about it makes me wonder what social platforms will turn into...
The various events on social platforms are far more diverse than traditional political and sports topics, which provides great room for Web3 innovation.
What if we combine these trending events with Web3 mechanisms? For example, when a topic becomes popular, someone could issue a topic token around it; when an event occurs, users can bet on the outcome in prediction markets; well-known creators and super individuals can issue their own creator tokens to build followers and influence on social platforms; and support for cryptocurrency tipping and transfers via wallet addresses and payment methods like Venmo.
Essentially, this is creating a small financial market dedicated to each trending event and content creator. Different events generate different prediction markets, while MemeCoins and creator tokens allow participants to express their attitudes and share in the rewards. Such a diversified market model may stimulate user engagement more effectively than simple social media interactions.