{"id":"MDLhF78SgS4","title":"Frax Share Revamp: Money's Social Future","description":"Explore the social nature of money and Frax's tokenomic revamp! This video analyzes different blockchains, comparing their functionalities and efficiency. Learn how Frax's new token aims for sovereignty and understand the social constructs behind the value of money. #Finance #Crypto #Blockchain #FraxShare #Tokenomics #BlockchainTechnology #Cryptocurrency #DecentralizedFinance #SocialConstructOfMoney #NearProtocol #Solana #Ethereum #FinancialLiteracy","channel_name":"NEAR Protocol","published_at":"2024-12-05T00:00:00.000Z","thumbnail_url":"https://img.youtube.com/vi/MDLhF78SgS4/hqdefault.jpg","transcript_text":"money is social right they're just you know cashes pictures of Dead Presidents the only reason they do anything is because we socially agree that you know handing them around actually does something so uh my main motivation was how do you actually provide a uh guide book for people and and actually the reason is fra also is actually coming up with their own uh toonomic revamp with the fxs Frack share token it's getting renamed to just fra it's actually being announced uh later in December and it's actually going to be more like a sovereign commodity so I had to think about all this stuff and see how it applied actually I was looking at near and Solana and and etherium and uh everything to know exactly how uh these things should work uh and a lot of blockchains are a little bit better than others um in terms of this this system and","transcript_synced_at":"2026-11-03T05:12:54.543Z","segments":[{"start_seconds":0,"text":"money is social right they're just you know cashes pictures of Dead Presidents the only reason they do anything is because we socially agree that you know","url":"https://www.youtube.com/watch?v=MDLhF78SgS4&t=0s"},{"start_seconds":7,"text":"handing them around actually does something so uh my main motivation was how do you actually provide a uh guide","url":"https://www.youtube.com/watch?v=MDLhF78SgS4&t=7s"},{"start_seconds":14,"text":"book for people and and actually the reason is fra also is actually coming up with their own uh toonomic revamp with","url":"https://www.youtube.com/watch?v=MDLhF78SgS4&t=14s"},{"start_seconds":22,"text":"the fxs Frack share token it's getting renamed to just fra it's actually being announced uh later in December and it's actually going to be more like a","url":"https://www.youtube.com/watch?v=MDLhF78SgS4&t=22s"},{"start_seconds":30,"text":"sovereign commodity so I had to think about all this stuff and see how it applied actually I was looking at near and Solana and and etherium and uh","url":"https://www.youtube.com/watch?v=MDLhF78SgS4&t=30s"},{"start_seconds":39,"text":"everything to know exactly how uh these things should work uh and a lot of blockchains are a little bit better than","url":"https://www.youtube.com/watch?v=MDLhF78SgS4&t=39s"},{"start_seconds":46,"text":"others um in terms of this this system and","url":"https://www.youtube.com/watch?v=MDLhF78SgS4&t=46s"}],"youtube_url":"https://youtube.com/watch?v=MDLhF78SgS4","url":"https://near-pedia.xyz/videos/MDLhF78SgS4"}