Industry News

Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

Exclusive Interview with Suji: Taking Over the Hot Potato Lens, Whose Ideal Is Mask Paying For?

Interview with Suji Yan: Taking Over the "Hot Potato" Lens—Whose Ideal is Mask Network Betting On? On January 20, the decentralized social protocol Lens announced the transfer of its project management to Mask Network, with the original team stepping back as technical advisors. This move sparked significant discussion in the crypto community. While many were not surprised by Stani Kulechov’s decision to hand off Lens—given the declining interest in decentralized social platforms—it raised questions about why Mask would take on what some consider a “mess.” Lens was once a star in the SocialFi space, backed by Aave’s founder, solid technology, and a compelling narrative of user-controlled social networking. However, by 2025, its growth stalled, especially after the launch of Lens Chain without an accompanying token. Mask Network, founded in 2017, aims to bridge Web2 and Web3. Its browser extension allows users to access Web3 services on platforms like X and Facebook. According to Suji Yan, Mask’s founder, the decision to take over Lens was driven by shared vision and trust. Both he and Stani believe that decentralized social platforms should avoid over-monetization and token-centric models, which they see as a core reason for the failure of projects like Friend.tech. Suji criticizes Farcaster for lacking neutrality and being too aligned with Coinbase, while praising Lens for its independence. He emphasizes that “non-neutral social platforms are doomed to fail,” citing Truth Social as an example of a biased platform with limited reach. Under Mask’s management, Lens will integrate with Mask’s existing products like web3.bio, Orb, and Firefly—a social app that deeply integrates with X, allowing cross-posting to Lens, Farcaster, and Bluesky. This aligns with Mask’s goal of building Web3 social on top of Web2, rather than in opposition to it. Suji acknowledges the challenges: without token incentives, attracting users is difficult. However, he believes that focusing on product quality and user experience—not short-term gains—will ultimately succeed. He remains committed to the long-term vision of seamlessly connecting Web2 and Web3 users, despite the uncertainties ahead.

Odaily星球日报01/23 13:19

Exclusive Interview with Suji: Taking Over the Hot Potato Lens, Whose Ideal Is Mask Paying For?

Odaily星球日报01/23 13:19

X Content Order Reshuffle: Three New Rules Redefining Value Stratification

X platform has initiated a major restructuring of its content ecosystem, introducing three core changes to redefine value distribution and content hierarchy. First, a dedicated "Meme" category has been introduced, separating entertainment-focused content from informational assets. This reflects a broader content stratification strategy. Second, the platform has overhauled its creator monetization model. Product lead Nikita Bier confirmed that creator revenue is now solely based on views from the home timeline, excluding replies from earnings calculations. This move effectively devalues low-effort, high-frequency interactions (a practice known as "zuilou" or engagement farming), as the platform now views excessive interactions as inefficient and self-limiting for account reach. Third, X is advancing its "Smart Cashtags" feature, currently in testing and expected to launch next month. This tool allows users to tag tokens or smart contracts in posts, enabling others to view real-time prices and related discussions. It signals X's intent to build infrastructure for "content x finance," structuring asset-related narratives and market sentiment into consumable nodes, with data sourced from both centralized exchanges and on-chain APIs. Concurrently, X has open-sourced its recommendation algorithm, which relies on a Transformer architecture. While making the system more transparent, exposure is now increasingly determined by two key metrics: content "understandability" (clear structure, easy classification) and "consumability" (quick absorption by users), rather than pure engagement volume. In conclusion, these shifts collectively represent a recalibration of content value on X. The platform is moving away from incentivizing mere activity and towards promoting structured, high-quality, and easily distributable information, fundamentally reshaping its content ecosystem and creator economy.

Odaily星球日报01/23 09:59

X Content Order Reshuffle: Three New Rules Redefining Value Stratification

Odaily星球日报01/23 09:59

RWA Weekly: NYSE Announces Development of Tokenized Securities Platform; Hong Kong Expected to Issue First Batch of Stablecoin Licenses This Year

RWA Weekly: NYSE Announces Development of Tokenized Securities Platform; Hong Kong Expected to Issue First Stablecoin Licenses This Year This week’s RWA sector saw steady growth, with the on-chain market cap reaching $22.59 billion and holders exceeding 646,000. Stablecoin market cap slightly declined to $2.96 trillion, while monthly transfer volume surged to $8.99 trillion, indicating high-frequency settlement activity amid slowing capital inflows. Regulatory developments include Hong Kong’s plan to issue its first stablecoin licenses in 2024, and China’s emphasis on digital yuan smart contract capabilities. Institutionally, the NYSE revealed it is developing a tokenized securities trading and settlement platform, and F/m Investments applied to the SEC for a tokenized ETF share pilot. Key project updates: Ondo Finance expanded its tokenized stocks and ETFs to Solana, RedStone acquired Security Token Market to enhance RWA data infrastructure, and Superstate raised $82.5 million to build an on-chain issuance layer. Payment innovations advanced as Argentina’s Pomelo secured funding to launch a stablecoin-based credit card. The market is shifting from user growth to efficiency and scale, driven by traditional finance, while stablecoins show signs of high liquidity but potential capital recycling within the system.

marsbit01/23 09:53

RWA Weekly: NYSE Announces Development of Tokenized Securities Platform; Hong Kong Expected to Issue First Batch of Stablecoin Licenses This Year

marsbit01/23 09:53

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