Trends to Watch Amid the Rise of the SocialFi Era
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SocialFi, the fusion of social media and Web3 is here to exist besides GameFi and DeFi. It has attracted more than 400 projects with almost 5 million active users.
Thinking about decentralized social applications might sound bizarre at first, but when you learn about their implications and user benefits, there are higher possibilities of you getting excited about their existence.
SocialFi has been introduced as web3’s answer to social media for the future. Online users are currently in transition from a web2 to a web3-driven world. The existence of SocialFi will bring a combination of networking and finance to build decentralized social networks.