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With memecoins regularly outperforming more established crypto projects, there’s plenty of evidence to back up the assertion that the cryptosphere often rewards attention over innovation. From crypto influencers dumping on their followers to SocialFi projects such as FriendTech, social media following can act as a proxy for value, especially for projects without their own token. Even crypto security auditors, supposedly behind-the-scenes players, are keen to try their hand at the social media game. Sometimes, at the expense of their credibility. Peckshield’s classic “you may want to take a look” has caused many a heart to sink over the years, typically accompanied by a transaction hash in which hackers have extracted millions of dollars of crypto-assets. Hi @MIM_Spell, you may want to take a look (w/ $6.49M Loss) pic.twitter.com/uHs0JweuoM — PeckShield Inc. (@peckshield) January 30, 2024 Read more: Magic Internet Money loses its sparkle as DeFi platform hacked for $6...

Celestia (TIA) witnessed a further surge, while data shows a decline in the asset’s social activity. TIA is up by 1% in the past 24 hours and is trading at $5.42 when writing. While the asset witnessed a short downward momentum, falling from its all-time high of $5.94 on Nov. 13, Celestia recorded a 25% rise since its local bottom of $4.32 at 00:10 UTC today.  TIA price and social volume – Nov. 14 | Source: Santiment TIA’s market cap currently stands at $761 million, with a 24-hour trading volume of $856 million. You might also like: Bitcoin nears Berkshire’s value despite Buffett’s critique On the other hand, Celestia’s social volume declined by 55.5% over the past day, according to data provided by Santiment.  The platform released its mainnet on Oct. 31 and airdropped TIA tokens to 580,000 eligible users.  Moreover, Celestia is still trending on CoinMarketCap despite the drop in social volume on Twitter, Telegram, and Reddit. TIA registered a ...

The integration is built on DSNP, a protocol created by Project Liberty. Social network MeWe will integrate with the Frequency Blockchain network , a parachain of Polkadot, according to an April 26 announcement at Consensus 2023. The announcement added that the company will begin moving its users ’ accounts over to the network during this quarter. Just in from #Consensus 2023 - Polkadot parachain @one_frequency has announced a major partnership with social networking app @mewe to connect its 20 million users to Polkadot and the Social Web, giving each of them a social identity and full control over their own data. pic.twitter.com/O39RNtEhDy — Polkadot @ Consensus 2023 (@Polkadot) April 26, 2023 MeWe was launched in 2012 and has been touted as a “Facebook alternative” with allegedly better privacy protections. An Axios report in September stated that the network had over 20 million users. Frequency launched as a Polkadot parachain in November. At a Consensus 2023 panel calle...