ChainCatcher news, according to TechCrunch, the crypto consulting firm Reverie is launching a $20 million flagship fund that will invest in pre-seed and seed-stage crypto startups. The fund will focus its investments on decentralized social media and security sectors.It is reported that the company has invested in over 40 companies, including the DEX project Osmosis, and Reverie also provides consulting for projects like Compound and the trading platform dYdX.

ChainCacther message, Ethereum co-founder Vitalik Buterin published a blog post expressing his views on community notes. In the article, he stated that Twitter's community annotations are not only an interesting social experiment but also represent a new mechanism design idea, which encourages different groups to reach a consensus rather than fostering divisions.Similar mechanisms include: the paired matching grants in Gitcoin Grants, and the discussion tool Polis. This area deserves further algorithmic research and application innovation. Community annotations provide a certain degree of algorithmic transparency and are the closest example of decentralized social media in large-scale applications at this stage, which can prevent manipulation and gain trust. Looking forward to the continued development and growth of similar algorithms like community annotations in the next decade, building a more inclusive and open cyberspace.

ChainCatcher news, the decentralized social media platform Lens Protocol has launched a new governance model, namely Lens Improvement Proposals (LIPs), where community members can propose improvements to the protocol.According to the announcement, there are currently three live proposals for LIPs. The first proposal establishes an open governance model, while the second and third proposals focus on open standards, specifically encouraging the integration of third-party algorithms and machine learning (ML) services into Lens Protocol, and how to classify, organize, and tag metadata in Lens. (source link)

ChainCatcher news, the blockchain-driven gamified social media application TOKHIT announced the completion of a $100 million financing, but the company did not disclose the details of the investors nor the valuation amount after this financing (TOKHIT revealed its valuation to be approximately $155 million in early 2022).The TOKHIT platform helps content creators and NFT/cryptocurrency enthusiasts profit through social activities. Its co-founder Andrei Ureche stated that the platform will also offer services such as NFT and digital asset trading, NFT staking, and more in the future, allowing users to find more opportunities to collaborate with brands for incentives. (Source link)

According to ChainCatcher news and data analysis from the data platform KingData, the global popularity of the decentralized social protocol Nostr (including Damus, etc.) is mainly concentrated in China, with a concentration rate as high as 80%. In addition, the number of high-quality daily active users has significantly declined, with a peak of 87,400 daily active users on February 2, and 36,000 yesterday (February 9, a decrease of 58.9% from the peak), and 29,000 today (February 10, a decrease of 66.8% from the peak). The daily active users of high-quality accounts have dropped to 4,000, returning to the state during the outbreak, with a decline of -85% from the peak. (Source link)

ChainCatcher news, Twitter co-founder Jack Dorsey recently stated, "Twitter has its own flaws as a social media and public dialogue tool. We should focus on the people using social media services and move more quickly towards absolute transparency."In addition, he mentioned that to accelerate the work on an open internet and protocols, he will establish a new funding category: "Open Internet Development." The focus will be on providing funding to engineering teams working on social media and private communication protocols, Bitcoin, and pure web mobile operating systems. Grants will start being offered next week, beginning with $1 million per year to Signal. (Source link)

ChainCatcher news, just 48 hours after the preview application of the decentralized social platform Bluesky, founded by Twitter co-founder Jack Dorsey, 30,000 people have already joined the waitlist to register for its application.It is reported that Bluesky launched a protocol website called AT Protocol on Tuesday and released the waitlist for the Bluesky application. Bluesky allows multiple social networks to interact with each other using open standards, with each social network using the protocol being considered an "application." (source link)

Chain Catcher news, the decentralized social media application Orb on the Web3 social platform Lens Protocol announced the launch of its internal testing, which will open access to all users who registered for the testing whitelist before September 22. It is reported that Orb is the first mobile application developed based on Lens Protocol. (Source link)