social

Consumer Crypto

the speed of SocialFi experimentation is so fast that i'm often asking wtf is going on and how is it any different (or better) than last cycle's hype-driven models.

after spending more time than i wanna admit on SocialFi apps, here's how i'd break it down:

1. social trading apps like @frens and @interface (and vector.fun) make markets more fun, collaborative and instant in a way that's not possible with web2's siloed social graphs and centralized exchanges.

2. entertainment and fun is at the forefront of this cycle's best apps, like yapster.xyz and @ponder. gamification >>>

3. (some) creator tokens are finally starting to move beyond speculation with tribe.run looking much more like @hypersub than friend.tech.

4. onchain content platforms like @rodeodotclub and @abstractchain's make it possible so both creators and users monetize with fun incentives.

one thing is certain though: this cycle of SocialFi is infinitely more user-centric than last cycle. full rundown at privy.io/blog/socialfi-resurgence

an excellent article on SocialFi, especially with its quick review of recent hot projects. The four categories, social trading, gamified SocialFi, creator tokens, and onchain content, are intriguing. While there are some attempts in these areas, long-term sustainability is still rare, with many projects seeing rapid user loss after a short-term surge. 

As the article concludes, SocialFi should focus on building products that people actually want to use, accessible to everyone, not just crypto-native users. Engagement, entertainment, and long-term sustainability should take priority over fleeting hype, and there is still a long way to go.

crypto-anarchist · onchain social explorer, advisor · spread FC gospel in /chinese community · curate SocialSight.telegram· write 0xluo.xyz · host /luo ·中文 @luo

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