Farcaster

Co-founder @bountycaster (bountycaster.xyz). Co-producer @ethereumfilm. Previously co-founder of Scalar Capital and product at Coinbase

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

Socialfi is not a social app with finance / transacting signing in it.

Socialfi is the financialization of a following - buying and selling of accounts. So Friendtech, Scoop, Drakula, BitClout, etc.

Not Farcaster or Lens, which are open social graphs that you could build socialfi products on top of (like Scoop).

summoning /daylight | kylemccollom.com | we are hiring: careers.daylight.xyz

Socialfi blends social media with financial elements, allowing users to buy and sell accounts. It differs from platforms like Farcaster and Lens, which focus on building social graphs for other uses