So Web3 authentication could improve user experience when it counts. In other words, people can easily pretend to be someone they aren’t on Discord (this was also a big problem on Telegram for a long time). On the obvious level, “Discord integration makes complete sense, because lack of Web3 user authentication is a major vulnerability that scammers exploit on their platform,” Scott Lewis, a co-founder of Hyype and DeFi Pulse told The Defiant via direct message. There’s been rumors of this going even further with Reddit Karma becoming tokenized, but those rumors have not been confirmed by HQ (and the tweets they came from have been deleted).ĭiscord and Reddit declined to elaborate on plans further to The Defiant. Those points live on Ethereum layer-2, Arbitrum, now. The company created a points system for a couple of large communities. The front-page of the internet has probably done the most and been discussed the least. It’s also surveyed some of its users about incorporating NFTs (which led to something of a revolt). We know two things: its CEO posted a tweet that looked like it was considering using Metamask to handle user sign on. Discord has only made a hint about what it’s up to. The announcement gave scant specifics other than the fact that she will be building a team, but she tweeted that “We’ll be exploring how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership and more.”ĭiscord. On Wednesday, the vice-president of engineering at the Cosmos-adjacent Interchain Foundation, Tess Rinearson, announced she would be leading a crypto team at Twitter. One of Jack Dorsey’s two companies was the first to make significant noises about Web3, with its announcement that it would authenticate the non-fungible tokens (NFTs) users put in their profile photo. So how are those gates starting to come down? Here’s what the three minor giants of Web2 are doing on Web3 so far: The internet feels open, but there are invisible gates everywhere. Until very recently, Instagram wouldn’t even let users post photo previews to Twitter.

No one can access Facebook’s data but Facebook. Now, any website can easily wire into Compound or Aave and let its users take out a loan from there, if they wanted. Also, the underlying data will be more open, with multiple entities building different businesses off the same underlying data sets. We’re not sure exactly what Web3 is yet, but ownership will probably be much more distributed between users and builders (see for example all the airdrops of governance tokens since mid-2020).

Transfer a reddit video to discord'