"The Adopt Your Friends Game"
Buy Sell or Trade your Facebook friends as non-fungible ERC-721 tokens, like Cryptokitties...but if those kitties had monetary value & were your real friends :-l
Ok, it's not exactly "horrific" but I can't tell if it's an entertaining game for collecting and trading your friends, or a method to monetize and own user's social media identities? Whichever it is, it's admittedly an interesting concept. The whitepaper on the website (https://www.genesisblocklabs.co) presents a working web3 (Ethereum-Truffle) dApp that connects to Facebook's Graph-API to "...assign unique ERC721 tokens to each friend/follower." Users are then able to add ...unique attributes in order to customize your friend's traits.
An interesting part is, this dApp presents a compliant way to transact cryptocurrency directly on platforms like Facebook, and has managed to avoid the pitfalls of being banned along with all the other ICO and crypto ads and content. The developers offer "merchant settlements" as an option to exchange the non-fungible tokens for fiat or Ether (possibly other crypto) as a way of on-boarding Facebook users to blockchain technology.
Provable ownership of your friends OR digital slavery...?
The possibility to digitally own your social-media buds seems appealing to the 'younger crowd' but as one critic stated, "...it just feels creepy." To be objectively fair, there is a semblance of Black Mirror'ness in owning and monetizing your friend's virtual, social identity. One could say it's a blockchain medium for exchanging individuals as literal social currency.
This criticism is echoed with the notion that you are in-fact collecting your Facebook friends, then applying unique, immutable characteristics and maintaining provable ownership via blockchain is a bit creepy. Creepiness aside, the developing company, Genesis Block Labs has received a provisional-patent for the system and method of associating users with non-fungible tokens inherent to smart contracts.
Technologically cool. :)
I'm not a fan of Facebook and hardly use it. Wonder if the 5k random friend requests I accepted could be worth something? lol
How about creating a separate version for Steemit utilizing SMTs instead of ERC-721 tokens?
I'm not saying to ditch the Facebook friend adoption, but have a sister version for Steemit users. Facebook clearly has the numbers and the monetizing potential, but Steemit is growing and already has people that are interested in cryptocurrency. I can take a look at my facebook account and can't find a single friend that would have anything to do with cryptocurrency. It is different here. Here everyone is a cryptocurrency owner.
Here, account reputation and vesting power means everything. Adopting another user could be a hot item if they do well and build their reputation and influence. Their trading card "adoption" value could be another metric to show how well the user is valued.
Anyway, just a thought since SMTs are going to launch soon.
I Resteemed to give you some visibility.
I wouldn't rule out applying it to Steemit, their JSON API's are much easier to integrate with as opposed to Facebook's current version. But I'm not sure if the ownership of blogging accounts has as much incentive as irl friends/family. As soon as they establish a non-fungible token protocol similar to ERC-721 & browser compatible web3 wallet, I'd be willing to try it out ^.^
thanks bro commenting on my post now i will comment on every your post
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Just for monetary benefits, Friends became pets.
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