The term “web3 social” has been thrown around to refer to a lot of things: decentralized traditional social media (Farcaster, Lens, etc.), NFT minting and marketplace platforms (Zora, Showtime, etc.), and even tokenized communities. The team at Fundamental Labs argues that the biggest challenge in the web3 social space today is address-based identity. Lack of individual-based identity fails to show anything more than the assets that addresses hold, rather than relational status, the social status that a person acquires through relationships with other people. Regardless of what we mean by web3 social, relational status will obviously be critical: “social” implies interactions with others, not simply existing alongside others who hold similar assets. These interactions, especially ones that are unique to on-chain experiences, will create fundamentally different social apps for users.