Recently, a named

Recently, a namedMem ProtocolThe Web3.0 social project, received $310 in financing led by a16z, other investors include former Coinbase CTO Balaji Srinivasan, Polychain Capital founder Olaf Carlson-Wee, Charlie Cheever and some angel investors.

Founded in May 2021, Mem Protocol is building a decentralized social media protocol centered on data sovereignty, built on Substrate with EVM compatibility, using social tokens and smart contracts to provide applications and communities An open protocol.

In today's social networks, user identities and content become platform commodities, and the revenue generated by data is controlled by the centralized platform. Mem enriches the online experience by creating a standardized data specification and a common set of operations as building blocks; individuals with data ownership regain control over the collection of their personal information; and personal data is not locked into specific In the isolated island, but the whole platform is open; developers can embed and expand Mem in their applications, so that people can get more personalized experience on the network.

In terms of products, Mem Protocol will first release a Quora-like question-and-answer application(Note: Quora is an overseas online question-and-answer website, similar to the domestic "Zhihu"). Mem Protocol co-founder Abhi Vyas said the goal is to weed out Sybil attacks and users who lack some expertise on a particular topic. "People claiming to be professors of mathematics may not be convincing."

Mem Protocol’s solution is to store network participants’ information — including social media histories, on-chain activity, and professional experience — in cryptographically protected “vaults.” This data is controlled by the user, not the Mem protocol, and can be used as a "social credit score" or social graph when users open up access to the data.

"At Mem, we think deeply about how to make the Internet work for you. What matters to us is that you define yourself, share experiences that matter and connect with others on your own terms. To align motivations between applications and individuals, Mem makes social capital a digital primitive. When someone shares something, if you can verify what they know, then you can trust what they share. ’ explains Abhi Vyas.

Mem's ambitions go far beyond a question-answering app, and the team says it wants its architecture to be used in a wide range of applications, including product reviews, social media, and job hunting.Mem Protocol CTO Don Walpola explained that LinkedIn (LinkedIn) Web 3.0 version can be built on top of Mem to analyze the skills of potential employees; User Customized Comments.

Currently, the first product of Mem Protocol is still in testing and is planned to be launched in early 2022. If developers are interested in Mem Protocol, they can also log on to its official website for details:https://mem.co/。