In this episode, we delve into the origins and growth of the Degen token with its visionary founder, Jacek. Discover how Degen, a decentralized social network, combines the best elements of Reddit and Twitter, focusing on open data and fostering a vibrant community. Jacek explains the innovative concept of L3 (Layer 3) chains, like Degenchain, which roll up into L2 (Layer 2) chains such as Base, offering a scalable and efficient infrastructure for decentralized applications. We explore the significance of the social-fi movement in the current bull market, highlighting the potential for monetizing content creation through platforms like Farcaster.

Work with us: https://buildingweb3media.com/

Chapters

00:00 Introduction and Background
03:02 DGN: The Decentralized Social Network
08:21 DGN's Integration with Farcaster
25:20 Exciting Applications on the L3 Chain
29:29 The Rise of Social-Fi: Monetizing Content Creation
32:55 Milestones Ahead and Connecting with Jacek

Jacek also shares exciting upcoming milestones for Degen, including the development of the L3 chain, enhancements to the tipping feature, and the establishment of legal entities. Stay connected with Jacek on Farcaster and Twitter to keep up with the latest developments in Degen's journey.

Key Takeaways:

• Degen is a decentralized social network blending elements of Reddit and Twitter, with a strong emphasis on open data and community engagement.
• L3 chains like Degenchain roll up into L2 chains like Base, providing scalable infrastructure for decentralized apps.
• The social-fi movement, led by platforms like Farcaster, aims to monetize content creation and ensure fair compensation for creators.
• Upcoming milestones for Degen include developing the L3 chain, improving the tipping feature, and establishing legal entities.
• Connect with Jacek on Farcaster and Twitter to stay updated on Degen's progress.

Guest Socials:
- Twitter: https://x.com/jacek0x, https://x.com/degentokenbase
- Company Website: https://www.degen.tips
- Farcaster: https://warpcast.com/jacek

Host Socials:
- Twitter: https://x.com/jaxxdwyer
- YouTube: https://www.youtube.com/@jaxdwyer
- Farcaster: https://warpcast.com/jaxdwyer

Tags: DGN, Degen, Farcaster, L3 chain, Layer 3 chain, social-fi, content monetization, content creation, decentralized social network, open data, vibrant community, Reddit, Twitter, blockchain infrastructure, decentralized applications, L2 chain, Layer 2 chain, Base, Degenchain, scalable infrastructure, bull market, crypto monetization, tipping feature, legal entities, crypto community, NFT, meme coins, decentralized finance, DeFi, Jacek, DGN token, social-fi movement, crypto OGs, crypto space, blockchain technology, digital assets, decentralized network, Web3, blockchain innovation, crypto future, digital economy, decentralized governance, crypto adoption, ecosystem development, community engagement, blockchain applications, digital currency, tech advancements, innovative technology.

- -

Disclaimer: Nothing said on Building Web3 is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Jax, and our guests may hold positions in the companies, funds, or projects discussed.

Need technical content? Book a free strategy session with our team at https://jaxdwyer.com/ 

Need technical content? Book a free strategy session with our team at https://jaxdwyer.com/