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  • 30d volume:$303.26B
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5Degrees

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News

Japan Tightens Access to Crypto Through Regulated Exchanges

Japan Tightens Access to Crypto Through Regulated Exchanges

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Japanese authorities are enforcing stricter access to cryptocurrency platforms, limiting services to those that comply with domestic regulations.
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Rajesh Kumar

PEPE Token Shows Strong Performance Against Major Cryptocurrencies

PEPE Token Shows Strong Performance Against Major Cryptocurrencies

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PEPE token showed strong performance with a 146% increase against USD, maintaining stability and key support levels.
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Jesper Sørensen

Vitalik Buterin Emphasizes Individual Sovereignty in Ethereum Development

Vitalik Buterin Emphasizes Individual Sovereignty in Ethereum Development

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Vitalik Buterin emphasizes the importance of individual sovereignty in Ethereum development, urging developers to prioritize resilience over convenience.
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Lucas Weissmann

What is 5Degrees?

5Degrees — a Web3 social networking protocol, deployed on a multi-chain. It aims to allow content creators to connect with their communities and friends via an ERC-1155 compliant token, creating a simple and easy-to-use, permission-free, composable, user-owned decentralized social network.

Contents:

5Degrees - dapp.expert

About the 5Degrees project

All Web2.0 social networks read data from their centralized databases, which is a lack of portability and manageability. Your profile and social relationships will be stored on a specific network and owned by the operator. This can lead to a zero-sum game, where different companies have to compete for their users' data rather than a good user experience. However, the core mission of Web3.0 - to return ownership of the data to Web2.0 users, which is what 5Degrees does by allowing users to control their social data.

To make the protocol easy to use, permissionless, and composable, the team decided to build it within the existing ERC-1155 protocol.5Degrees

Being compliant with the ERC-1155 standard, it can be easily implemented into any Web3.0 protocol or business that supports ERC-1155, allowing more layout options for the current DEFI. An integrated protocol application can quickly support this protocol if it supports the ERC-1155 protocol.

Other features:

1 The 5Degrees protocol is completely open source and the protocol needs to be created by a large number of developers.
2 You no longer have to struggle with accessing user relationships now.
3 Just focus on improving your product with a permissionless user experience network.

The NFT profile - the main entity in the 5Degress protocol. You can take control of all the contents of your NFT. Each individual address may have its own profile, and each address may have multiple NFT profiles other than the address itself. The NFT profile follows the EIP-1155 metadata format. You can easily set your avatar, nickname, Twitter account, email address, profiles and so on. Any format is supported for your avatar. It could just be a link to an image or an NFT.

More about defi app

The "Subscribe" feature in 5Degrees is quite different from the Web2.0 social products feature. In the 5Degrees protocol, when a user follows a creator, they can simultaneously receive the creator's personal NFT. Various creators and communities can code it and even add value to it. The Follow NFT ID is serialized to the creator's address, which ensures that the NFT ID is unique.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.