Tako Co-Creation: Decentralized Social Projects Will Bypass Many Traditional Methods, Token Incentives Are a New Way of Creator Revenue Worth Exploring

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September 17, 2024
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On September 17th, Tony, co-founder of Tako Protocol, spoke at the first major Farcaster offline event in Asia, FarCon Asia, during a roundtable discussion on "Building a Decentralized Social Network: Opportunities and Challenges." He stated:

Farcaster's key is using cryptography, which will bypass many traditional methods. In a traditional ecosystem, if you're a creator on TikTok, you should be able to collect more than 30% of the platform's revenue. I think this is also feasible in an open network, and it can be addressed to some extent through incentive tokens. You hold these tokens and ensure that other value is brought into the network. So I think that's the root cause of what we explore, using token incentives instead of fair cash.

The first major Farcaster offline event in Asia, FarCon Asia, was jointly organized by Tako Protocol, BlockBeats, and Jam. The conference aims to delve into and showcase the innovative achievements of the Farcaster ecosystem and the future prospects of Web3 social networking, breaking the stereotype of one-way output in traditional financial crypto conferences. FarCon Asia is expected to attract over 500 attendees, including Farcaster ecosystem builders, active Asian Farcaster users, VCs and prominent investors, and senior researchers.

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