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Altcoins Poised for the Next Big Crypto Boom
- The creator economy is booming and already a $100 billion market and the future of crypto isn’t just about tokens or coins, but people.
- Goldman Sachs predicts the creator economy could hit half a trillion dollars by 2027.
- Story Protocol focuses on the intellectual property narrative and aims to ensure that AI makers like OpenAI do not take anyone’s work without permission.
- Story Protocol has built a blockchain-based framework to help manage intellectual property rights for content creators and been backed by heavyweights like Andreessen Horowitz and Polychain Capital
- The Farcaster is a decentralized social media protocol aiming to give users more control over their data and online conversations.
- Farcaster is built on the Ethereum scaling network, Optimism, and is an ecosystem where users can create and interact with various social media tools.
- Farcaster has over 200,000 active users and is expanding footprint rapidly. They support Solana which allows users to verify their address on the Farcaster app.
- Tokens and NFTs are linked to the Farcaster platform and designed to reward active community members who engage with channels on Warpcast.
- Farcaster has a built-in solution to tackle bot activity, which plagues most social media.
- Farcaster gives users full control over their data and content unlike centralized platforms where information can be sold without consent.
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