Cointime

Download App
iOS & Android

The NEW KING in Decentralized Social? How Show3.io realize Web3 Social based on the underlying DID?

Validated Individual Expert

The trend towards decentralized social thought stems from Western people's spontaneous rigid demands for freedom of speech, privacy, thought, and income. These four freedom demands are what keep people thinking about social issues in the context of decentralization. Now, most projects will continue to build a proprietary blockchain after a certain level of product success, but this type of behaviour is in the data through to create difficulties, user identity confirmation requires a higher level of through data, and Show3 hopes to break this situation.

What is Show3?

Show3 is the first decentralized social platform built on MetaSo that eliminates data isolation. Its goal is for users to be able to have usage scenes on Show3 and freely communicate with one another regardless of which chain they belong to. To comprehend Show3, you must first understand MetaID and MetaSO. People will be hard to distinguish them without knowing it, but their relationship is simple to understand.

MetaID is the first Layer 1 distributed ID scheme built on a scalable public chain. Users only need a private key to use all applications that support MetaID in the Metaid-based solution, which is equivalent to a Web3 key to travel the world. Simultaneously, it can ensure that users' basic information and application transaction data are recorded on their own nodes, effectively breaking the traditional data monopoly.

MetaSo is an open source middleware and related services for social networking sites that is based on the MetaID protocol. Data between MetaSO nodes is completely interconnected and has a Token economic incentive.

Show3 is a MetaSo-based social platform run by the Hong Kong Show team. The primary customer groups are NFT project parties and NFT enthusiasts, with NFT as the core and GameFi as the incentive element. This platform is also the first MetaSo node, serving as a diversion and publicity platform for MetaSo.

The Show3 platform is built on MetaID, an open source decentralized identity protocol. MetaID serves as a low-level identity authentication in the actual application and promotion. Both the mid-level MetaSo and Show3 frameworks and application products are based on the MetaID identity authentication implementation. More developers can also conduct more development and certification based on MetaID, similar to building Lego bricks, and the development process does not require any consent from the project side; the project side can create an application on the platform and then provide MetaID users with a complete service, and the entire process is completely decentralized.

The data is completely on chain.

All data of Show3 is fully owned by the user, and on the chain, even a like, a message, and so on can be realized, and in this process, the user's privacy can be protected. The second point focuses on Metaid. NFT will be used to display user avatars, usernames, spatial backgrounds, memes, and so on. This is something we haven't seen before in the industry and can't do on other platforms.

In terms of underlying logic, general Web2 products must collect user data during the promotion process, and the user data is stored on the server to better depict the user. However, because Show3 is a pure platform on the chain, whether or not the user's data is exposed on the chain is up to the user. Similarly, developers can link and re-read open data before creating a new application based on that information and behaviour. What makes Show3 unique is that once it is fully open source, all interested developers will be able to customise their own applications based on MetaID.

MetaSo is a decentralised social network that functions similarly to an underlying MetaID and application middleware, with Show3 serving as MetaSo's social application to help users better realise on-chain chat. Any Web3 or Web2 application can be developed using MetaID, and different product processes and application software can be customised to meet the needs of different customers. User portraits created using MetaID are accumulated over time. As a result, any project that launches a specific application pushes its services to MetaID users automatically.

Most importantly, the right to expose the data remains in the hands of the user, and is effectively isolated from whether, what and the identity of the user, because the identity system can only authenticate a specific user's past interactions, and the identity of the user is still a long, irregular list of addresses.

Connectivity is being used to break up data islands.

Currently, Show3 is the only social protocol that handles all data link projects, regardless of LensProtocol or DeSo. On the one hand, from the standpoint of function and product, Show3 can realize encryption while implementing encrypted chat on the chain. Users' social interaction, on the other hand, revolves around NFT, according to the social attribute of Show3. In terms of social experience, users discover social connections while purchasing NFT and actively sharing it. Most importantly, Metaid-based NFT provides not only exchange or transaction value, but also identity authentication. ENS can be used as an example here. ENS currently has no substantive uses other than wallet search, but Show3 users use it to build a community or to become your user name. These are the product's innovative features for other products.

At the moment, Show3 has essentially realized all public Chain coverage of the Ethereum virtual machine, including Polygon, Avalanche, BNB Chain, and so on, based on MetaID. Show3 is currently testing, but has not begun to formally promote publicity and marketing, and the product is currently only available on the computer. The specific core function implemented in Show3 products is encrypted chat, which is more akin to decentralized Twitter plus Discord. However, according to the project plan, Show3 will add gamefi design in the future, allowing users to accumulate experience points through social interaction in order to qualify for free foundry IP and thus receive a portion of NFT revenue.

Members of a specific community will discover that after receiving a portion of the revenue generated by the user's interaction with Show3, the community can also increase the volume in the trading process, a portion of which comes from the user's project rebates, and the other portion can also create an on-chain trading platform on Show3 based on the community's recognition.

Show3’s vision and planning.

The project team and the community are Show3's target audiences. Show3 provides a variety of tools, making community organization easier. Because all of its data is on the chain, it can be very useful for IP management. MetaID currently has over 150,000 registered users. It intends to start by introducing users to show3. More developers will be drawn to participate in the joint construction as it grows in popularity.

These three projects, MetaID, MetaSo, and Show3, are all managed by the same team, which began working on the bottom protocol MetaID in 2019. The company currently employs about 15 people, the majority of whom work in development. Feng Xinyu, the founder, has more senior experience in AI unmanned retail and cross-border payment. BingoBox is the name of the company. From the initial development of MetaID to the launch of new applications MetaSO and Show3, the Show3 project team has accomplished a great deal. Furthermore, in terms of investment and financing, Jinghe Capital under Lantian led the RMB 10 million angel round financing.

Through a series of partnerships and the participation of various developers, Show3 hopes to grow MetaID to 500,000 to 1 million users. As a result, Show3 will begin working with some small and medium-sized communities in the near future. The goal for this year is to have more than 500 active communities. MetaSo will also be available early this year.

Related Links:

Show3 Website:https://www.show3.io/home

Twitter:https://twitter.com/show3official

Public Chain:https://www.microvisionchain.com/

Show3 Whitepaper: https://show3.gitbook.io/show3.0/v/english/

Jinghe completed angel round financing:https://www.sohu.com/a/431591672_439726

# DID # SocialFi #On-Chain Data

Comments

All Comments

Recommended for you

  • BTC breaks through $69,000

     the market shows BTC breaking through $69,000, currently at $69,021.49, with a 24-hour increase of 1.15%. The market is highly volatile, please manage your risk accordingly.

  • Spanish Foreign Minister: Not worried about any consequences of refusing US access to military bases

     on March 3 local time, Spanish Foreign Minister Alvarez defended the Spanish government's refusal to provide the Rota and Moron military bases to the United States for participation in attacks on Iran. Alvarez stated that the operation initiated by the United States and Israel is not supported by the United Nations and is not part of the bilateral agreements allowing the use of the aforementioned Spanish sovereign military bases. Alvarez also said that the Spanish government is not concerned that this stance will have any consequences. Alvarez stated: "The position of the Spanish government represents the will of the vast majority of the Spanish people as well as the vast majority of people worldwide, which is to defend the UN Charter, respect international law, and believe that cooperation is always more powerful than confrontation."

  • Spot gold plunges nearly $100 in the short term.

     spot gold plunged nearly 100 dollars in a short time, spot gold fell below 5170 dollars/ounce, with a daily decline of 2.94%. 

  • BTC falls below $67,000

    the market shows BTC fell below $67,000, currently at $66,996.93, with a 24-hour increase of 1.18%. The market is highly volatile, please manage your risk accordingly.

  • ETH breaks $2,000

    the market shows ETH breaking through $2000, currently at $2001.64, with a 24-hour increase of 2.89%. The market is highly volatile, please manage your risks accordingly.

  • The US spot Bitcoin ETF saw a net inflow of $962.48 million yesterday.

    according to Trader T's monitoring, the US spot Bitcoin ETF had a net inflow of 962.48 million USD yesterday.

  • BTC falls below $66,000

     the market shows BTC fell below 66,000 USD, currently at 65,986.66 USD, with a 24-hour decline of 1.31%. The market is highly volatile, please manage your risks accordingly.

  • BTC falls below $66,000

     the market shows BTC fell below $66,000, currently at $65,973.16, a 24-hour drop of 2.66%. The market is highly volatile, please manage your risks accordingly.

  • ETH breaks $2,000

    market shows ETH breaking through $2000, currently at $2000.29, with a 24-hour increase of 3.73%. The market is volatile, please manage your risk accordingly.

  • The United States uses Anthropic's artificial intelligence technology in its airstrikes in the Middle East.

     United States used Anthropic's artificial intelligence technology in airstrikes in the Middle East, and just hours before the attack, Trump had just issued a ban against Anthropic.