A New Protocol for Building Social Connections on Bitcoin
A new protocol called .frens has been introduced to the Ordinals ecosystem, aiming to bring the social aspect of Bitcoin onto its blockchain. Users can declare their social connections via Ordinals Inscriptions, and the protocol creates a reputation score based on interactions. While there are other projects named Fren Protocol, the .frens protocol is the only one focused on social connections. The creator, known as Doggfather, believes that the protocol allows users to own their social network, unlike centralized platforms like Twitter. By using Soulbound Tokens (SBTs) on Ordinals, the .frens protocol aims to become a cornerstone protocol in the non-financialized sector.
Key Points:
- The .frens protocol brings the social aspect of Bitcoin onto its blockchain.
- Users can declare their social connections via Ordinals Inscriptions and earn a reputation score.
- By using Soulbound Tokens (SBTs), users can own their social network and achieve better outcomes in the Ordinals community.
- The protocol is currently in private beta but is expected to have a bullish trend in the Ordinals ecosystem.
Hot Take:
The introduction of the .frens protocol to the Ordinals ecosystem is an exciting development for crypto users. By enabling social connections on the blockchain, users can own their networks and benefit from reputation scores. The use of Soulbound Tokens adds a unique element to the protocol, ensuring that connections and achievements are securely represented. While still in beta, the .frens protocol has the potential to become a cornerstone in the non-financialized sector of Ordinals, further advancing the decentralized social network on Bitcoin.
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