SocialFi attempts to transform the social economy into DeFi, and issuers directly connect with participants through social tokens and benefit from it. As the general public, we can get more benefits through the financialization and tokenization of our social influence.

The use of blockchain technology and the introduction of token incentives to build a decentralized social platform has always been the goal of the crypto industry. As early as 2017, the SocialFi project has begun to explore the way. Seventeen years ago, a large number of blockchain + social projects have emerged in batches, and ONO, QunQun, GSC, YeeCall, NRC, SwagChain, Huoxin, and TTC Protocol have been launched one after another.

DeFi —> GameFi —> SocialFi, this is an inevitable evolutionary route. If you remove Fi, you will find that it is almost astonishingly consistent with the evolutionary path of the Internet back then.

What SocialFi has to solve is two monopolies. One is the monopoly of content creators by traditional social platform giants-content creators can only get a small part of the economic benefits, and the other is that people with huge social influence can treat ordinary people. Monopoly of content creators.

SocialFi attempts to transform the social economy into DeFi, and issuers directly connect with participants through social tokens and benefit from it. As the general public, we can get more benefits through the financialization and tokenization of our social influence.

The use of blockchain technology and the introduction of token incentives to build a decentralized social platform has always been the goal of the crypto industry. As early as 2017, the SocialFi project has begun to explore the way. Seventeen years ago, a large number of blockchain + social projects have emerged in batches, and ONO, QunQun, GSC, YeeCall, NRC, SwagChain, Huoxin, and TTC Protocol have been launched one after another.

DeFi —> GameFi —> SocialFi, this is an inevitable evolutionary route. If you remove Fi, you will find that it is almost astonishingly consistent with the evolutionary path of the Internet back then.

What SocialFi has to solve is two monopolies. One is the monopoly of content creators by traditional social platform giants-content creators can only get a small part of the economic benefits, and the other is that people with huge social influence can treat ordinary people. Monopoly of content creators.