Thanks for the great question! Sustainability and relevance are some of the most glaring weaknesses of other SocialFi platforms right now. To stay relevant and keep our platform self-sustaining over the long period there are a few areas we wish to address that we see as critical design flaws in some of our competitors.
The financial incentive structure is broken (FT has 4x the number of key buys as key sells). We believe there needs to be equilibrium here and it speaks to a greater issue of price discovery. We believe Pass “Key” shorting directly to the bonding curve will allow for proper price discovery and therefore make the platform more accessible to more people over the long term (if key prices only go up from buying, you’ve created a situation where expensive keys lock people out from interacting with others).
Similarly, we believe there are some creative ways to keep content creators coming back to our platform. One idea we have been discussing is partially vesting creator fee revenue so that they are continually coming back to the platform. Once these details are finalized we will surely communicate them with our community. These are just a few ideas, however, there are other aspects of sustainability, and scalability, that we are evaluating. Long-term growth and the ability to reach an audience outside of just traditional defi natives is part of our greater go-to-market strategy for 2024.