Powerloom: Powering the Next-Gen Financialized Social Networks
The future of social networks is moving onchain, where social interactions seamlessly merge with financial infrastructure that allows for the incentivization of truth. Our current social networks are built to incentivize attention, where the loudest voices are amplified and emotionally charged content is rewarded. Individuals can position themselves as arbiters of truth by holding strong convictions and making a lot of noise, but they are unable to substantiate their beliefs or show conviction through their actions. It is up to the users to decide who speaks the truth, and without a lens to separate it from the noise, the result is a cacophony of voices that hinder the ability to determine what is actually true.
Prediction market pioneers, like Polymarket, have demonstrated how collective intelligence can emerge when communities align their beliefs with measurable outcomes. When people are able to back their beliefs with real risk, they are more likely to be motivated to research and substantiate their positions compared to the passive approach of just sharing content at will. When an entire community is incentivized to be correct, the result is a more accurate reflection of reality for everyone. The community resolves predictions markets, and using decentralized oracles allows for accurate and transparent truths to be determined while being timely enough to validate real-world events as they unfold. This is crucial to the integrity of modern discourse. However, when dealing with arbiters of truth, such as an onchain oracle, it is important to remember that they are only as accurate as the data that they are given.
This is where Powerloom enters the picture.
As a decentralized data network layer, Powerloom is positioned as the definitive source of accuracy for any and all onchain data. At its core, Powerloom's network of Snapshotter nodes continuously captures onchain data, state changes, and event emissions in real time. These nodes collect data and parse and index it in a format that's readily accessible for any onchain consumer application. With its constantly updating data feed, Powerloom provides the essential infrastructure needed by modern applications—from social networks requiring real-time engagement metrics to decentralized finance platforms monitoring transaction volumes and liquidity positions.
With over six years of experience in the indexing and RPC space and backing from industry leaders like Blockchain Capital, the team behind Powerloom brings deep expertise to this challenge. Their track record includes pioneering the first RPC implementation for Polygon, one of Ethereum's earliest Layer 2 solutions, which set the standard for L2 infrastructure. This wealth of experience now drives their mission to build critical infrastructure for the next generation of information markets within Web3.
We have built a stable core to enable the rails for rich data applications and with our continued focus on GPM, OCP and self-hosted use cases like the Uniswap and Aave dashboards, we are now well poised to serve the incentivized social economy around prediction markets and their need for accurate, verifiable and decentralized data.
Financialized social networks powered by Collective Intelligence
Generative Prediction Market (GPM) is our pilot project that aims to combine Powerloom's data network with the community’s collective intelligence to create a more accurate and transparent source of truth. Operating entirely onchain, GPM leverages a network of over 5,300 nodes that index data in real-time, establishing a single, verifiable source of truth. What sets GPM apart is its ability to automatically generate markets without human intervention, where outcomes are determined by token prices discovered through consensus of the data network. This automated approach eliminates bias and creates a purely data-driven environment for market participants.
By integrating with Farcaster Frames, GPM transforms social discussions about crypto assets into actionable opportunities. Rather than engaging in speculative debates about token performance, users can directly participate in markets that reflect their convictions. Why simply argue about a token's potential when you can take a position directly through your social network?
This new and exciting landscape is just the beginning of what's possible when we combine the power of Powerloom's data network with the community’s collective intelligence. Powerloom serves as the foundational infrastructure that indexes, parses, and repurposes data to enable the social experiences onchain.
We are building a customized data layer that will support the next generation of consumer applications, with the capability to onboard billions of users to the blockchain ecosystem. This infrastructure is crucial because onchain social experiences demand real-time, contextual relays of data that can match the speed at which users engage through likes, follows, and subscriptions—a challenge that traditional data nodes struggle to meet. This is the fundamental problem that Powerloom is solving, paving the way for truly seamless, high-performance blockchain-based social interactions that are powered by the truth.