Summary: InLeo AMA – July 16, 2024

in #summary2 months ago

Threadcast link:
https://inleo.io/threads/view/khaleelkazi/re-leothreads-6gtazjx9

Link to recording:

Speakers

@khaleelkazi @anomadsoul @scaredycatguide


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Meme Coins, Onboarding, and the Future of Web3: A Conversation with the InLeo Team

In this weeks AMA, the InLeo team provided insights into the current state of the crypto market, the challenges of onboarding new users, and the exciting developments on the horizon for the InLeo platform.

The Meme coin Craze

The conversation began with a discussion around the recent surge in meme coins, particularly those built on the Solana blockchain. Mitch acknowledged the allure of these highly speculative investments, noting that he has even dabbled in a few himself, viewing them as "Vegas money" - high-risk, high-reward plays. However, the team emphasized the importance of maintaining a balanced perspective, highlighting the risks involved and the need to focus on projects with real utility and revenue models.

Onboarding and Retention

A key focus of the discussion was the ongoing efforts to onboard new users to the Hive blockchain and the InLeo platform. The team stressed that onboarding is one of the most challenging problems to solve in the crypto space, requiring a delicate balance of good technology, effective marketing, and a seamless user experience.

Khal shared that InLeo is currently the tOP onboarding account on the Hive blockchain, with Dalz's recent report showing that LEO.voter is responsible for the most new accounts being created. However, the focus has nOW shifted to improving user retention, ensuring that new users not only join the platform but also remain engaged and active.

The team emphasized the importance of creating a fun, low-pressure environment for users, drawing parallels to the way Threads have evolved on the Hive blockchain. They're working to bring a similar approach to the upcoming InLeo shorts feature, aiming to provide a space where users can freely express themselves without the social pressures often associated with traditional social media.

The Future of Web3 and LeoAI

Looking ahead, the team discussed the broader implications of the shift towards Web3 and the role that InLeo and LeoAI will play in shaping this transition. The team expressed his belief that the future of Web3 will be driven by rapid innovation and a willingness to break things, rather than a focus on maintaining a perfectly stable user experience.

Regarding LeoAI, the team revealed that the AI-powered tool will not only be able to generate text but also create images. Similar to the approach with AI-generated text, any content created by LeoAI will be clearly marked, allowing users to distinguish between human-generated and AI-generated content.

The team also touched on the importance of supporting the various projects and platforms built on the Hive blockchain, emphasizing the need for a collaborative and supportive ecosystem. This includes the team's decision to back the Splinterlands DHF proposal, recognizing the significant value that Splinterlands brings to the Hive community.

As the discussion came to a close, the team expressed excitement for the upcoming features and developments on the InLeo platform, including the launch of the subscription-based threadcast and the continued refinement of the shorts functionality. With a focus on innovation, user experience, and community support, the InLeo team is positioning the platform to be at the forefront of the evolving Web3 landscape.


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