Web3 social platform Phaver focuses on creator monetization

Web3 social is evolving as a frontier for creators and communities. In a SlateCast podcast episode, CryptoSlate's Liam "Akiba" Wright and CEO Nate Whitehill spoke with Joonatan Lintala, CEO of the web3 social app Phaver. They discussed meme coins and their impact on adoption. Akiba argued that meme coins often hurt adoption and represent gambling rather than value creation. However, he acknowledged that Lens meme coins like Bonsai and Degen behave differently and may drive adoption of decentralized social platforms. Lintala described a "casino and computer" dichotomy in blockchain, where speculation can overshadow real-world solutions. He said social meme coins driving adoption of decentralized social could be a net positive. Phaver focuses on building an in-app economy that is farming-resistant and incorporates advertising partners. Lintala noted lessons from the Lens ecosystem, where airdrops to bots and multi-account users diluted the value of some meme coin distributions. He highlighted the success of Bonsai on Lens and Degen on Farcaster in driving adoption. Phaver builds mutually beneficial partnerships with high-quality web3 projects and local communities. This has attracted diverse creators, including female creators making art, music, and other content. The platform plans to integrate Lens, Farcaster, and Open Actions. Users will be able to mint NFTs, sell digital content, and engage with various web3 features within Phaver. Lintala sees potential in general collectibles minting, such as artists creating NFTs from artwork or musicians selling directly in frames or open actions. Phaver aims to be a mainstream-friendly, farming-resistant platform that empowers creators and communities globally.