Messari: Exploring the Evolution of the Web3 Community

Messari: The Web3 Community's Evolution

Author: @MessariCrypto Translation: Plain Language Blockchain

Historically, profile pictures (PFPs) as an NFT have been primarily focused on community projects. @0xallyzach explains how this led to users migrating to Web3 platforms that emphasize community involvement.

With the launch of @BoredApeYC (BAYC), the rise of private sector fundraising and partner community is apparent. Its community-centric approach has attracted retail investors, leading to a surge in user adoption in the #NFT market. But with the introduction of professional trading platforms, this has changed.

Platforms like Blur and OpenSea have embraced professional trading, focusing on trading activity rather than community and roadmap. This narrative shift reduced creator royalties and turned NFTs into speculative assets. The situation has changed, becoming more favorable to traders.

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As PFP projects decline in attracting new users, consumer applications have emerged. They offer decentralized social media, digital identity, and blockchain-based domains. These applications provide meaningful human connections, self-expression, and foster community awareness.

These consumer apps attract previous crypto users and new users by providing comprehensive representations of digital identity, and have become the leading apps for first-time #NFT interactions, surpassing traditional markets.

Users still seek to establish online roles, and consumer apps provide tools to replicate this experience. Users are willing to interact with these platforms across different chains, highlighting the importance of improving interoperability and cohesive user experiences.

Looking forward, consumers will continue to seek meaningful connections and unique identities. These new consumer apps provide valuable experiences and promote long-term growth, undoubtedly thriving through protocols that consider natural network effects by connecting users.

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