5Degrees is a native Web3.0 social protocol that is compatible with the ERC-1155 standard. It can be easily implanted into any protocol layer or business layer of Web3.0 because it has three major features: ease of use, permissionless, and composability. The 5Degrees protocol capitalizes users' core data to generate NFTs. These NFTs can be traded in any NFT market and also be used by any smart contract to confirm user relationships on chain.

Differences between 5Degrees protocol and current social network？

Web2.0 social networks all read data from their centralized databases, which is lack of portability and controllability. Your profile and social relationship will be stored in a specific network and owned by the operator. This can lead to a zero-sum game in which different companies have to fight for their user’s data instead of good user experience. However, the core mission of Web3.0 is to give the data ownership back to Web2.0 users, which is what 5Degrees is committed to do, allowing users to take control of their social data.

To make the protocol easy to use, permissionless, and composable, we decided to build it under the framework of the existing ERC-1155 protocol. Being compatible with the ERC-1155 standard, it can be easily implanted into any protocol or business of Web3.0 that supports ERC-1155, which brings more possibilities to the composability of the current DEFI. The application of the integrated protocol is able to quickly support this protocol as long as it supports the ERC-1155 protocol.