Introduction
At the 2023 Hong Kong Web3 Carnival Hong Kong Social Innovation Night hosted by Relationship, Jessica, founder of the Web3 Social Graph Protocol, introduced how
At the 2023 Hong Kong Web3 Carnival Hong Kong Social Innovation Night hosted by Relationship, Jessica, founder of the Web3 Social Graph Protocol, introduced how semantic SBT based on Ethereum EIP6239 can construct a multi chain semantic middle layer and construct a decentralized and composable social structure. He said that Relation was about to release its economic model, and its ecological token REL would be air dropped for all users who hold. SOL Profile NFT and early community supporters.
Relationship plans to launch the ecological token REL this year and will support the Web3 application layer three token model
The 2023 Hong Kong Web3 Carnival was a groundbreaking event that brought together experts from different fields to discuss the latest developments in the blockchain and Web3 technologies. During the Hong Kong Social Innovation Night hosted by Relationship, Jessica, founder of the Web3 Social Graph Protocol, introduced an exciting new concept that could revolutionize the way we think about social structures. In this article, we will dive deeper into Jessica’s presentation and explore the potential of semantic SBT based on Ethereum EIP6239 to construct a decentralized and composable social structure.
# What is Semantic SBT?
Semantic SBT is a new concept that combines the power of semantic web technologies with the security and reliability of blockchain platforms. Essentially, it is a protocol that allows developers to create a multi-chain semantic middle layer that can be used to build complex social structures. The Semantic SBT protocol is based on Ethereum EIP6239 and leverages the power of smart contracts to ensure that all data is kept secure and tamper-proof.
# How does Semantic SBT work?
The core idea behind Semantic SBT is to use semantic web technologies to create a universal language for social structures. This language would be used to define the relationships between different entities in the social network such as users, groups, and organizations. By using this language, developers can create a decentralized and composable social structure that can be used across different platforms and networks.
The Semantic SBT protocol leverages the power of smart contracts to ensure that all data is kept secure and tamper-proof. Essentially, smart contracts are self-executing programs that are stored on the Ethereum network. These contracts are written in code and are designed to execute specific operations automatically when certain conditions are met. By using smart contracts, developers can create a secure and reliable system for managing social networks.
# What is Relation’s Economic Model?
Relation is a company that is leading the charge in developing the Semantic SBT protocol. During the Hong Kong Social Innovation Night, Jessica announced that Relation was about to release its economic model, which would include an ecological token called REL.
REL is an ERC-20 token that will be used to incentivize users to participate in the Relation network. The token will be airdropped to users who hold SOL Profile NFTs and early community supporters. By incentivizing users to participate in the network, Relation hopes to create a strong and vibrant community that can drive the adoption of the Semantic SBT protocol.
# Conclusion
The Semantic SBT protocol is a powerful concept that could revolutionize the way we think about social structures. By combining the power of semantic web technologies with the security and reliability of blockchain platforms, developers can create a decentralized and composable social structure that can be used across different platforms and networks. Relation’s Economic Model and its ecological token REL are exciting developments that will help incentivize users to participate in the network, driving the adoption of Semantic SBT.
# FAQs
1. What is the Semantic SBT protocol?
Semantic SBT is a new protocol that combines the power of semantic web technologies with the security and reliability of blockchain platforms to create a multi-chain semantic middle layer for building social structures.
2. What is Relation?
Relation is a company that is leading the charge in developing the Semantic SBT protocol.
3. What is REL?
REL is an ERC-20 token that will be used to incentivize users to participate in the Relation network. The token will be airdropped to users who hold SOL Profile NFTs and early community supporters.
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