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RepubliK, a SocialFi platform striving to combine traditional social media with the advanced features of Web3, entered into a strategic partnership with The Open Network (TON) on December 19, according to the latest information shared with Finbold. The partnership, scheduled to begin in earnest in the second quarter of 2024, aims to bridge the gap between Web2 and Web3 further. RepubliK plans to ensure its social media platforms are more user-friendly by integrating recognizable solutions while still being powered by blockchain technology. Registration will be simplified as users will be able to choose between utilizing their email or opting for a single sign-on option like Gmail or Facebook. RepubliK also explains that the design of its UI and UX are deliberately reminiscent of popular platforms like Instagram and TikTok to make adoption easier and more intuitive. True to its overall approach, RepublK will also offer some gamification Features , such as an experience system wit...

The new layer relies on Bundlr, a decentralized storage platform built on Arweave, for mass storage of social media data. The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores posts, comments and shares, taking this data off the Polygon network and thereby increasing scalability for Lens, according to an April 26 announcement viewed by Cointelegraph. Introducing Bonsai, an Optimistic L3 scaling solution, that will process transactions at hyperscale, and is designed to support the next generation of Web3 social users. Available for Lens devs in closed beta today. pic.twitter.com/AaqfikZWxT — Lens Protocol (@LensProtocol) April 26, 2023 Lens is a blockchain protocol that allows users to form a portable “social graph,” or digital set of connections, between themselves and others. When users form a connection with another person on one Len...

In a 158 document, the team behind Little Shapes alleged that NFT scammers utilized bot networks to rug-pull "$200 million+ out of the ecosystem.” Atto, the pseudonymous founder behind Little Shapes NFT has revealed that the project was actually a “social experiment” designed to shed light on large-scale NFT bot network scams on Twitter. Since late December, Little Shapes had been attracting a fair amount of attention from the media and crypto community. This is due to several semi-viral tweets detailing incidents in the founder's life that seemed too good to be true. Examples of such included him waking up from a five-month coma, finding out he had assets locked on FTX, telling his wife and then finding out she was cheating on him with other people in the NFT industry. Hey Little Shapes fam, this might sound crazy but I got into a car accident 5 months ago and just got out of a huge coma. I don’t know what’s been going on since then but we’re coming back harder than ever. Yo...