In the coming years, we're poised to witness a profound shift in the social media landscape, a phenomenon I refer to here as "The Great Speculative Exodus." This movement, which was initially sparked by the crypto market's speculative appeal, will rapidly evolve into a mass migration towards Web3 social platforms like Farcaster and Lens. The driving force behind this shift isn't just the potential for financial gains but also the unique experiences these platforms offer, particularly through community-driven token incentives and the innovative use of memecoins.

A lot has happened since our last web3 social round up! While initially the weekly rhythm for this web3 social round up worked well, as there were a lot of things happening, there wasn't too much to report on during most of November. Then suddenly in December, a slew of news & announcements made the round. So I'm happy to pick this format up again. I'll keep it more of a monthly-recurring format for now though.Common GroundWeb3 Social: weekly round up #5Aaand we're back with our weekly summary of what's new in web3 social. A lot hasNov 12Without further ado here's the latest and greatest in web3 social.

Hong Kong-based Web3 social network, Sleek, has raised $5 million in a seed round to bring blockchain-powered social media to the masses and power the ownership economy. The company's platform, which includes Sleek Card and a knowledge marketplace launching in 2024, aims to revolutionize human connection by making networking simple, fun, and productive. Sleek Card has already facilitated over 300,000 connections and partnered with several events, while the knowledge marketplace will allow domain experts to monetize their knowledge into liquid and accessible assets. Investors include Binance Labs, Shima Capital, and Spartan Group.

Analyst hildobby claimed on social media X (formerly known as Twitter) that the MEV robot named Jaredfromsubway.eth has currently spent 37,000 ETH (70 million USD) on Gas, which is the highest among all addresses on the Ethereum src.

MistTrack announced on social media X (formerly Twitter) that the Stake hacker (0xf83...3dc) on Polygon has just transferred 126,444.44 MATIC to a new address (0x22b...63f).

September 5th, Tether's Chief Technology Officer Paolo Ardoino posted on social media that Tether currently holds 72.5 billion US dollars of US Treasury bonds, surpassing countries such as the United Arab Emirates, Mexico, Australia, and Spain, and becoming the 22nd largest holder in the world.

On August 31st, Friend.tech announced on social media X (formerly Twitter) that they have added a new "Online Now list" feature on the Explore page to help users see who they can currently communicate with.

Not Larva Labs founder PAULY stated on social media X (formerly Twitter) that the official PEPE team holds pepe valued at $16 million to $17 million in at least 9 different internal wallets.

Scam Sniffer claimed on social media X (formerly known as Twitter) that a whale lost 333 ETH due to signing a malicious Blur bid. Earlier, the same whale lost about $737,000 due to a phishing attack 6 hours ago.

Scam Sniffer claimed on social media X (formerly known as Twitter) 6 hours ago that a whale lost about $737,000 due to a phishing attack. After the attack, for safety reasons, they transferred $3.3 million to another wallet. The phishing attack occurred because they signed a malicious Uniswap Permit2 PermitBatch EIP-712 message.