Rediscovering the Social Graph: Exploring Proof-of-Work and Unbundling in the Digital Age

Glasp

Hatched by Glasp

Aug 14, 2023

4 min read

0

Rediscovering the Social Graph: Exploring Proof-of-Work and Unbundling in the Digital Age

In the ever-evolving landscape of the internet, few companies have left as profound an impact as Facebook. As the pioneer of the social media revolution, Facebook introduced a new level of complexity to online interactions. Suddenly, users had multiple ways to engage with one another - through posts, direct messages, sharing pictures, and more. This newfound complexity not only expanded the possibilities but also diluted the social graph, making it harder to connect with real friends.

However, this dilution of the social graph has opened up a window of opportunity for a new generation of "unbundlers" to recreate a more intimate social graph. These unbundlers aim to provide a platform for users to share photos and connect with their closest friends, without the noise and distractions that come with a broader social network.

But what does this have to do with the concept of proof-of-work? Well, proof-of-work is a fundamental principle in various areas of the digital world, including the non-fungible token (NFT) space. In platforms like TikTok, users must put in the effort to create original and engaging content to mine their currency of likes and views. The more original and captivating their content, the greater their reward.

The idea of proof-of-work extends beyond the realm of social media and into the world of NFT games. These games provide an avenue for users to showcase their skills and creativity in order to achieve status and rewards. Whether it's building a powerful team, creating unique structures, or breeding rare collectible species, the proof-of-work model in NFT games incentivizes users to invest time and effort into their virtual endeavors.

What sets NFT games apart from traditional video games is the concept of user-generated content. In open virtual worlds like Decentraland and Cryptovoxels, the proof-of-work process revolves around creating and sharing content that attracts other users. This user-generated content not only adds value to the platform but also creates a narrative around the artwork, making it more compelling and engaging.

Moreover, the proof-of-work model in NFTs can go beyond the creative process and delve into the meaning behind the artwork. For instance, Async Art, a platform that allows for the creation of programmable art, offers a tool called Scribe that enables artists to write messages on their tokens. This additional layer of narrative and meaning enhances the overall appreciation and value of the artwork.

Another intriguing proof-of-work model for artists in the NFT space is the concept of proof-of-burn. In this model, artists require potential buyers to send in one or multiple of their previous works, which are then burned, in order to gain the option to purchase a new piece. This not only reduces the number of tokens from that artist, increasing the rarity of existing works, but also adds a sense of exclusivity and commitment to the collector.

To leverage the power of proof-of-work and create a more meaningful social graph, here are three actionable pieces of advice:

  • 1. Focus on quality over quantity: Instead of trying to reach as many people as possible, prioritize building genuine connections with a smaller group of real friends. Share meaningful and original content that resonates with your close connections, creating a more intimate and valuable social graph.
  • 2. Embrace user-generated content: Whether you're an artist in the NFT space or a user in an open virtual world, encourage the creation and sharing of user-generated content. By allowing users to contribute their own unique creations, you not only foster a sense of ownership and pride but also enhance the overall experience for everyone involved.
  • 3. Craft a compelling narrative: When engaging in proof-of-work activities, whether it's creating art or participating in NFT games, take the time to craft a compelling narrative around your work. Explain the process, share the story behind it, and invite others to join you on your creative journey. A deeper understanding of the work and its meaning will naturally lead to a greater appreciation and connection.

In conclusion, the digital age has brought forth new challenges and opportunities in the realm of social connections and creative endeavors. The dilution of the social graph has given rise to the need for unbundling and rediscovering more intimate connections. Meanwhile, the concept of proof-of-work has become a driving force in the NFT space, incentivizing users to invest time and effort into their virtual pursuits.

By leveraging the power of proof-of-work, focusing on quality connections, embracing user-generated content, and crafting compelling narratives, we can navigate the digital landscape with purpose and create a more meaningful social graph. As we continue to explore these concepts, we will undoubtedly uncover unique insights and ideas that will shape the future of our digital interactions and creative expressions.

Hatch New Ideas with Glasp AI 🐣

Glasp AI allows you to hatch new ideas based on your curated content. Let's curate and create with Glasp AI :)