As a seasoned crypto investor with a knack for identifying promising projects and platforms, I find myself intrigued by Dan Finlay’s latest venture – Consent on Solana and Base. Having witnessed the evolution of blockchain technology from its early days, I can appreciate the innovative approach taken by Finlay to address a critical issue like user consent in the era of Artificial Intelligence.
The co-founder of Metamask, Dan Finlay, launched a new token named Consent on Solana and Base, which focuses on user consent and autonomy.
The Consent ($CONSENT) token was conceptualized by Finlay on Clanker on Farcaster to promote user consent in the age of Artificial Intelligence. The token falls under memecoins and addresses the right to intellectual property and “consent to share and train AI”. Finlay describes the token as an “ambiguous consent” framework in the blockchain and Web 3 ecosystem.
Even though the Consent token can be found on both the Solana and Base platforms, trading activity for the token is significantly higher on Solana compared to Base. Moreover, Solana currently boasts a greater market value for Consent than Base, with a $50,010 volume over the past 5 hours since its launch. The bonding curve shows a consistent upward trend in adoption of the token on the Solana network.
Additionally, the token’s liquidity pool has been established within the Raydium Lending Platform. This move is expected to enhance the token’s exposure and accessibility across the Solana network.
Instead of merely launching the token, Finlay is going beyond that and actively interacting with his audience through Warpcast. He’s creating a comparison between Warpcast and Solana’s meme coin, suggesting a competitive dynamic.
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The launch of Consent by one of its co-founders has sparked conversations about the various difficulties and potential benefits linked to various platforms. He has expressed his backing for Pump.fun, but has also raised concerns regarding Clanker, a meme-sharing platform within the Base system.
In my latest research update on Farcaster, I’ve highlighted a potential issue within the Clanker blockchain community: the danger of being “front-run” or “rug-pulled”. This implies that certain individuals may exploit the system for personal gain, which could negatively impact new projects and early supporters, potentially resulting in financial losses.
Alternatively, he pointed out that Pump.fun offers a more reliable model because the developer is one of its founders. Additionally, he noted that it’s challenging to crowdfund via Clanker, as it has known weaknesses.
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2024-11-27 14:14