• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
5Degrees logo

5Degrees

Total Users
- No data available.
Rewards
chest
chest
chest
chest
Volume
The fiat value of incoming dapp transactions over a period of time
- No data available.
Contract Balance
The total fiat value of assets in a dapp's smart contracts
- No data available.
Category
- No data available.
Blockchain
Ethereum
Language
- No data available.
Official links
Social media

News

ETHZilla's Stock Plummets Amid Market Challenges

ETHZilla's Stock Plummets Amid Market Challenges

chest
ETHZilla's stock has faced a dramatic decline, closing down 87% on Monday and showing a decrease of over 65% year-to-date.
user avatar

Tando Nkube

GeeFi's Presale Reaches Unmatched Success.

GeeFi's Presale Reaches Unmatched Success.

chest
GeeFi has made a powerful statement in the crypto space with its presale, which has sold out all 10 million tokens and raised $500,000 in an incredibly short period.
user avatar

Kofi Adjeman

Maximize Your Earnings with GeeFi's Staking Options

Maximize Your Earnings with GeeFi's Staking Options

chest
GeeFi offers competitive passive income streams through staking options for GEE tokens, with up to 55% APR for a 12-month lockup.
user avatar

Nguyen Van Long

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.