ChainCatcher news, Farcaster co-founder Varun Srinivasan stated on the X platform that the new data layer of the Farcaster social network, Snapchain, will enter Alpha testing in December, with a goal for a full launch in the first quarter of 2025. Snapchain is written in Rust, can handle over 10,000 TPS, and will support millions of daily active users. Snapchain allows users to make unlimited transactions for a fixed annual fee. Users create accounts by initiating transactions to the registration contract on the OP mainnet. After creating an account, users can sign Snapchain transactions using the "application key" configured by the registration center.

ChainCatcher news, according to CoinDesk, the startup Hana Network, focused on developing hyper-casual finance with social network effects, announced the completion of a $4 million Builder round of financing. Investors in this round include well-known decentralized exchange SushiSwap, Alliance, and Orange DAO.Hana Network was founded by Kohei Hanasaka in 2023. The team has long been dedicated to improving the user onboarding experience and launched the trustless deposit and withdrawal solution Hana Gateway in January this year. Based on the experience with Hana Gateway, the team is currently focused on developing hyper-casual finance products, emphasizing user-driven distribution through existing open social networks.Hana Network's mainnet is planned to be launched in four main phases. Currently, the first phase has successfully gone live, introducing the hyper-casual card game Hanafuda, where users can earn rewards in the game. From the second phase to the fourth phase, the platform will gradually introduce more new experiences.

Chaincatcher news, Solana has officially integrated with Telegram's first decentralized multi-chain wallet UXUY, continuously expanding its competitive advantage in the crypto ecosystem. This is the 20th public chain that UXUY has integrated after Bitcoin's Lightning Network, Ethereum, BNB Chain, BASE, TRON, SUI, and other ecosystems.UXUY is incubated and invested by Binance Labs, dedicated to providing Telegram with a richer multi-chain DApp access service and application center, and offering comprehensive support for quality DApps through the Puzzle Plan. The 900 million users can access the Solana ecosystem with one click through the UXUY wallet, participate in on-chain interactions with DApps, and engage in early projects to earn airdrops and points rewards. Currently, Solana's daily transaction volume has exceeded 65 million, and with the integration into the Telegram social network, Solana's activity is expected to achieve further breakthroughs.UXUY founder Kevin stated, "After supporting the Solana ecosystem, the multi-chain landscape of the UXUY wallet has become richer. We will actively introduce more emerging public chains and DApp projects to the Telegram ecosystem, looking forward to the interesting sparks that will arise from the collision of social networks and blockchain."

ChainCatcher news, according to the Dune dashboard, the user growth of the Web3 social network Farcaster has slowed down, with daily new users dropping from a peak of 15,000 in early February to about 650 now, comparable to Lens. Farcaster's daily active users (DAU) have decreased from a high of 100,000 in early July to 60,000, a decline of 40%. The number of posts and interactions has decreased by over 60% from their peak.

ChainCatcher news, the encrypted social network platform 0xPPL has completed a new round of financing, with participation from AllianceDAO, Anagram, Peak XV Partners, angel investors Balaji Srinivasan, Anatoly Yakovenko and Raj Gokal from Solana Labs, and Sandeep Nailwal, co-founder of Polygon.The specific amount of financing and valuation information has not yet been disclosed. The new funds will be used to enhance 0xPPL's product offerings, expand its team, and further realize its mission to become a leading on-chain social network platform. Its main competitors currently include decentralized social networks such as Phaver, Easy, and Farcaster.

ChainCatcher news, according to DL News, Cardano blockchain founder Charles Hoskinson stated in a post on X that after the Brazilian Supreme Court banned Elon Musk's social media platform X, he plans to launch a decentralized social media platform in Brazil.He stated: "Although Brazil has silenced our X platform's siblings, their work will continue and is important for all of us. I can't wait to recruit many Brazilians to help us build a decentralized social network."It is reported that the X platform has 20 million users in Brazil, but after the court ordered the suspension of the platform, many users in Brazil have been unable to access it due to Musk's refusal to designate a legal representative to handle matters related to the Brazilian government.

ChainCatcher news, Aave and Lens Protocol founder Stani Kulechov stated, "In light of the recent arrest of Telegram's CEO Pavel Durov, I have been reflecting on how to build a 'resilient approach' that can uphold various rights, even when these rights (such as freedom of speech and content moderation) may conflict with each other.First, when discussing resilient software, it is important to move away from the concept of 'decentralization.' 'Decentralization' is a term that can easily lead to misunderstandings, and its meaning is rarely agreed upon.Instead, the construction of social networks should focus on resilience. In fact, resilience means minimizing any potential single points of failure that could undermine or affect the functionality and integrity of the network. This concept is easier to understand and measure.For example, the most successful DeFi projects today are built this way. They do not necessarily aim to achieve a certain level of decentralization, but rather to ensure that protocols like Aave can withstand potential threats and single points of failure from various participants.A truly resilient social network is a system that is extremely difficult to penetrate or disrupt by any single entity or coalition of entities.Resilience ensures that participation in the network or protocol is safeguarded at all levels. The flow of information should be resilient against manipulation or biased censorship. Administrators should be protected from undue influence. Content should be able to resist deletion by operators and be fully controlled by its authors.Currently, blockchain technology provides a means to achieve resilience. At its core, blockchain ensures access control (who can write) and secure storage of value (assets). It can determine who can publish in the information flow, join communities, moderate content, serve as legitimate fact-checkers, and how funds are allocated within the network. Additionally, it enables a community-driven framework for selecting administrators or fact-checkers through voting mechanisms.For resilience to be effective, accountability and transparency are key. Transparent networks are more likely to ensure resilience, and if privacy is needed, guarantees like zero-knowledge proofs (ZK-proofs) can provide verifiability while ensuring transparency. Public blockchains have these features built-in.I believe that a truly resilient social network will unlock new interesting use cases, as developers will no longer have to worry about being shut down.These foundational principles will guide the development of Lens V3."

ChainCatcher news, the Web3 social network Cyber has regained control of its Cyber Discord. It stated that no users were affected.Previous news, Cyber posted on X that its official Discord server was attacked and a phishing link was published in the announcement channel.

ChainCatcher news, Foundation founder and CEO Kayvon Tehranian posted on social media: "We are developing a new social network called Rodeo. It is designed to be fun, simple, and very social. Currently, it is invite-only."Farcaster co-founder Dan Romero stated that the upcoming new social network (Rodeo) is supported by Farcaster's permissionless and decentralized social graph.

ChainCatcher news, according to Fortune magazine, decentralized social network tool provider Neynar has completed a $11 million Series A funding round, led by Haun Ventures, with participation from a16z, CSX, Coinbase Ventures, and Union Square Ventures.Additionally, the Web3 asset data platform RootData shows that Neynar is the simplest way to build on Farcaster, allowing developers to use Neynar's infrastructure to develop building blocks for the Farcaster protocol. The Neynar API can be used to read and write Farcaster data (profiles, casts, feeds, etc.).

ChainCatcher message, CKB community member Retric proposed the Nostr Binding Protocol, where Nostr is an information distribution protocol suitable for large-scale adoption in consumer applications.The Nostr Binding Protocol creates a one-to-one mapping relationship between Nostr Events and CKB Cells. Ordinary users can create and distribute native assets on the Nostr social network based on this protocol, and through RGB++, these assets on Nostr can also be controlled by Bitcoin addresses. Client developers can build products on it; unlike ETH dApps which split into two systems (one being off-chain servers and the other on-chain smart contracts), the Nostr Binding Protocol brings a new development paradigm for dApps, using a consistent system with different data levels to build dApps.It is reported that the Nostr Binding Protocol can be seamlessly integrated into the CKB Lightning Network in the future, addressing the native payment issues in social networks. The CKB Ecological Foundation will promote consumer applications based on the Nostr Binding Protocol to land in the BTC ecosystem.