Mem Protocol
@memprotocol
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Mem's building tools for the social layer of web3.
🌐⛓
Joined May 2021
1/ We are super excited to announce Mem Protocol! We have closed a $3.1M seed round led by @a16z . 🎉 Mem is building a decentralized social media protocol with data sovereignty at the center—an on-ramp to the next evolution of the web. https://t.co/CGajnavpc8 Thread! 👇
mem.co
Sign in as you
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“The Web as I envisaged it, we have not seen it yet. The future is still so much bigger than the past.” Tim Berners-Lee
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"What is worth doing is worth doing well." -Nicolas Poussin
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web3 brings the ability to put the internet to work for YOU, instead of the platforms that have defined web2. In order for that to happen, we need new primitives, so I’m thrilled to announce that @a16z is leading the seed round in @memprotocol, building the social graph for web3.
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8/ Get Involved! To join our closed-alpha, sign up on our landing page at [ https://t.co/PhCOtaoHTr](https://t.co/CGajnavpc8). If you’re interested in the future of human interaction online, follow us @memprotocol and join our Discord ( https://t.co/JAaGLPqLON).
discord.com
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
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7/ What we are up to now? We’ve built an interface to explore on-chain data for wallets on the Ethereum blockchain and have begun designing an open protocol to log the interactions and relationships that claimed wallets and tokens generate. Our plan is to launch in early 2022!
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As blockchain adoption grows, and people perform more on-chain activities, it’s critical to build a human-readable interface for that information. This interface needs to give individuals the power to claim their data and set permissions for future web3 products.
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6/ Importance of web3 social “Some of the core attributes of web3 -- such as openness, decentralization, and user control -- are perfectly suited for a new type of social networking platform that’s optimized around the user. That’s the promise we see in Mem." - @AriannaSimpson
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Developers can embed and extend Mem Protocol in their applications to give people a more personalized experience across the web. And, by liberating social event history from individual applications, communities can focus on solving their members' unique problems.
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Mem Protocol makes social capital a digital primitive. Users, empowered with data ownership, regain control over the collection of their personal information. Mem enables this trust by tracking on/off-chain data to let users decide membership and communities determine reputation
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5/ Why Mem? "At Mem, we think deeply about how to get the internet to work for you. It’s important to us that you get to define yourself; share the experiences that matter, and connect with others on your terms.” - @abhimvyas
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4/ The problem with web2 social: On existing social networks, user identity and content are platform commodities. Data moats and targeted advertising services lead to misaligned incentives between platforms and the people using them. No one owns the information they share.
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With the power of reputation and smart contracts, people can use their identities to take real-world actions such as asking questions, pooling funds for bounties, and building their own verifiable, context-specific reputations.
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3/ What is Mem? Mem is building human-centric tools for web3 social. Own your friend graph, explore the blockchain and earn by sharing knowledge. We’ve built a profile explorer and started onboarding new members to their verifiable, on-chain identities.
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2/ We are grateful to be backed by amazing investors/operators/founders: @beller, @thePalenimbus, @balajis, @judegomila, @zxocw, @ccheever, Charlie Songhurst, and many more great angel and seed investors.
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"In the future applications will login to the user instead of users logging in to applications like today" -- @abhimvyas
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"Out of the chaos, the future emerges in harmony and beauty." – Emma Goldman
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