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SocialFi is a hybrid concept that seeks to fully monetize the current social media market by offering all parties equal opportunities. SocialFi platforms offer users a more secure and efficient way to develop, create, and manage content. Users also have power over key decision-making processes on these platforms through decentralized governance represented by decentralized autonomous organizations (DAOs) SocialFi allows various forms of interaction through a decentralized platform while rewarding users through tokenized achievements. Social tokens allow users with meaningful brand equity to begin charging for their creative output.