Phaver revolutionizes web3 social scene through innovative approach to memecoins and creator collaboration

The social aspect of web3 is rapidly changing and becoming an important aspect. In a recent episode of the SlateCast podcast, Liam “Akiba” Wright and CEO Nate Whitehill from CryptoSlate spoke with Joonatan Lintala, the CEO of Phaver social app, to discuss how this new approach is empowering creators and communities.

The conversation started with a focus on meme coins, which can be controversial. Akiba shared his concerns about meme coins, saying they can hinder adoption and are more like gambling than creating real value. However, he acknowledged that Lens memecoins, like Bonsai and Degen, act differently and can boost the use of decentralized social platforms.

Lintala shared a similar perspective, highlighting the difference between speculation and practical solutions in blockchain. He explained that if meme coins, particularly social ones, promote the use of decentralized platforms, they can be beneficial.

Lintala then talked about Phaver’s strategy for creating an in-app economy, stressing the importance of being “farming resistant” and working with advertising partners. He discussed the lessons learned from the Lens community and how airdrops to bots and users with multiple accounts have diluted the value of some meme coin distributions.

An essential part of Phaver’s approach is collaborating with quality web3 projects and local communities. Lintala emphasized the value of these partnerships in driving growth.

Phaver aims to provide a comprehensive web3 social experience by integrating Lens, Farcaster, and Open Actions. This will allow users to create NFTs, sell digital content, and access various web3 features within the Phaver platform.

As web3 social media continues to gain popularity, Phaver stands out for its focus on building a mainstream-friendly and farming-resistant platform that empowers creators and communities. With plans to incorporate various web3 functions and maintain a diverse and engaged user base, Phaver strives to be a leader in the next era of decentralized social media.