AI Trading

Key Insights:

  • redefines social networking, enabling users to trade ‘shares’ of connections for private messages.
  • Pseudonymous developer Racer aims to empower crypto influencers and Web3 projects with royalty opportunities.
  • Analysts delve into’s revenue model, risks, and potential impact on social networking dynamics., an emerging DeSo platform, has captured the crypto realm’s gaze with over $1 million in fees amassed within a day. This feat eclipses giants like the BTC network and Uniswap. Unveiled on August 11, the beta platform empowers users to tokenize social bonds by trading “shares” of their connections.

Monetizing Social Connections Through Tokenization

Users can monetize their social networks by trading “shares” representing their connections. Upon obtaining a share, users gain access to private messaging. The platform imposes a 5 percent transaction fee, using the price difference between purchases and sales to generate profits. This methodology has led to a notable engagement, with over 650K transactions and a diverse pool of over 60K traders active on the platform.

AI Trading

Crypto projects’ fees and revenue ranking (Source: DefiLlama)

Built on Coinbase’s layer-2 Base, has seen substantial engagement since its establishment. Insights from DefiLlama reveal that the platform accrued $1.12 million in fees within 24 hours and a cumulative $2.8 million since its introduction. At the time of writing, the overall project revenue is $818,620.

The Developer Behind the Platform

The origins of the project are attributed to the pseudonymous figure, Racer. A senior engineer at Coinbase revealed Racer’s past involvement in crafting social media platforms like TweetDAO and Stealcam, leveraging nonfungible tokens. suggests Racer focuses on crypto influencers, empowering them to gain royalties from transaction fees. Additionally, the platform catches the attention of Web3 initiatives looking to strengthen connections with prominent players in the crypto sector.

Assessing the Revenue Model and Future Implications

The rapid expansion of has sparked an examination of its income structure, possible vulnerabilities, and future progress. An anonymous decentralized finance analyst named Ignas noted that the platform’s existing business model primarily relies on transaction fees rather than an uptick in shareholders. Ignas also mentioned that contentious individuals might find opportunities for higher earnings, and tactics like FUD could be employed to generate fees.

Lux Moreau, the creator of Talk.Markets highlighted that the value of shares often experiences notable increases when they’re traded within the platform. This dynamic might pave the way for developing smaller collectives or different group configurations within the platform.

In conclusion,’s rapid ascent within the crypto ecosystem underscores the potential for decentralized social networks to offer alternatives to conventional social media models. 

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Tom Blitzer

By Tom Blitzer

Tom Blitzer is an accomplished journalist with years of experience in news reporting and analysis. He has a talent for uncovering the key elements of a story and delivering them in a clear and concise manner. His articles are insightful, informative, and engaging, providing readers with a nuanced understanding of complex issues. Tom's dedication to his craft and commitment to accuracy have made him a respected voice in the world of journalism.