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Linda Xie
@linda
I keep seeing references to Farcaster as socialfi so sharing my clarification https://x.com/ljxie/status/1833617641187250328?s=46&t=QNlz9swNdb9dxGQvZZJaCw
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@juli
I‘d give the same explanation but say warpcast (vs Farcaster) is a socialfi product. Social base with staying power with lots of financial experiments on top ✌🏽
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Linda Xie
@linda
I don't classify Warpcast as socialfi either. It's just a client that enables these applications built on top but its underlying function is not socialfi
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@juli
The determining factor for socialFI for me is that you can do transactions right in warpcast. SocialFI seems to get a negative connotation right now due to friendtech and very speculative use cases but there‘s nothing inherently wrong with being a social fintech app - it doesn’t mean you need to be hyperspeculative, you can provide great social and financial value
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iSpeakNerd 🧙♂️
@ispeaknerd.eth
You can *now* do *exactly 1 type of* transaction(s) *for predetermined amount* in warpcast One limited feature doesn't make the whole app suddenly socialfi when that's not the product focus
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@juli
not sure what you are referring to. on warpcast you can pay a friend, you can mint nfts, you can buy tokens via a frame, you can bet on games. it's the most comprehesive socialfi product on the market. 99% of the other socialfi products will have some business logic + ONLY payments (replacing a trad bank). not sure where you make the difference
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