The web3 social space is quickly evolving into a vital frontier. Recently, in a SlateCast podcast episode, CryptoSlate's Liam “Akiba” Wright and CEO Nate Whitehill conversed with Joonatan Lintala, the CEO of Phaver, a web3 social app, exploring how it empowers creators and communities.

The Conversation began by exploring the world of memecoins. Akiba, a critic of memecoins, expressed concerns about their impact on adoption and perceived them as more of a gambling sphere than a creator-driven one. However, he recognized that specific memecoins like Bonsai and Degen differed, potentially propelling the growth of decentralized social platforms.

Lintala shared a similar viewpoint, highlighting the balance between speculation and real-world utility. He pointed out the role of social memecoins in driving the adoption of decentralized social and web3 platforms, offering a positive impact.

Phaver's CEO discussed the platform's approach to creating an in-app economy that is resistant to farming while engaging advertising partners. Learnings from the Lens ecosystem helped in avoiding dilution of meme coin value due to airdrops to bots and multi-account users. Lintala emphasized the positive influence of memecoins like Bonsai and Degen on the Lens and Farcaster sides in driving adoption.

A significant part of Phaver's strategy involves forming partnerships with high-quality web3 projects and local communities, creating a mutually beneficial environment. This approach has led to a diverse ecosystem on Phaver with creators from various backgrounds thriving on the platform.

Phaver's vision extends beyond social media functionality, striving to offer a comprehensive web3 experience, integrating features like Lens, Farcaster, and Open Actions for minting NFTs, selling digital content, and more within the Phaver ecosystem. This integration is expected to enhance the platform's potential significantly.

As the web3 social landscape grows, Phaver's commitment to creating a mainstream-friendly, farming-resistant platform for global creators and communities makes it a standout player. With plans to integrate diverse web3 functionalities and maintain a vibrant user base, Phaver aims to lead the decentralized social media realm's next phase.