SocialFi

SocialFi combines social media and decentralized finance (DeFi) within the blockchain and cryptocurrency ecosystem. It focuses on empowering users with control over their personal data and intellectual property. By offering rewards like tokens, SocialFi apps promote active engagement among users and between users and the platform itself, fostering an interactive community.

Articles (72)

Exploring SocialFi: Solana Actions & Blinks vs. Ethereum Farcaster & Lens
Intermediate

Exploring SocialFi: Solana Actions & Blinks vs. Ethereum Farcaster & Lens

Solana and Dialect have jointly introduced the new Solana concept "Actions and Blinks," which enables one-click swap, voting, donations, minting, and other functions via a browser extension. This allows various operations and transactions to be executed efficiently, ensuring network consensus and consistency through time synchronization and sequential recording. The strategy is compared to Ethereum's Farcaster protocol and Solana's approach.
7/15/2024, 5:32:19 AM
The Controversial Coin Circle KOL Round Financing, What Are The Legal Risks?
Advanced

The Controversial Coin Circle KOL Round Financing, What Are The Legal Risks?

This article further explores the legal risks of KOL round financing, including false advertising, suspected pyramid schemes, and accomplice risks, and provides suggestions to avoid these risks to maintain the healthy development of the crypto market.
7/13/2024, 4:01:59 PM
A Beginner's Guide to the SuperRare NFT Market
Beginner

A Beginner's Guide to the SuperRare NFT Market

SuperRare is a peer-to-peer NFT marketplace based on ERC-721 NFTs. What makes up SuperRare? What are SuperRare Spaces? What is the $RARE token, and how is it used? What is the governance model of the SuperRare DAO?
7/12/2024, 9:17:40 AM
The Social App Thesis
Advanced

The Social App Thesis

This article delves into the relationship between the merchant class and cultural taste leaders, uncovering the difficulties in converting money into status. Despite the theoretical possibilities of transforming financial capital into social capital, the practical implementation is fraught with challenges.
7/10/2024, 8:23:53 AM
The web3 governance lab: Using DAOs to study political institutions and behavior at scale
Advanced

The web3 governance lab: Using DAOs to study political institutions and behavior at scale

Online platforms in web3 can allow us to design, test, and redesign political systems for online communities, organizations that will be an increasingly important part of the world in the future.
7/10/2024, 8:21:08 AM
Decentralizing Farcaster: Ferrule
Beginner

Decentralizing Farcaster: Ferrule

This article introduces the decentralized social network application Farcaster, highlighting its architecture built on Ethereum and Optimism, aimed at achieving digital sovereignty and user ownership.
7/4/2024, 7:18:19 PM
Understanding the Social Networking Platform UXLINK
Beginner

Understanding the Social Networking Platform UXLINK

UXLINK is a Web3 social platform based on close-knit social relationships, aiming for mass adoption and becoming a social DEX and infrastructure. What is UXLINK? What is the structure of UXLINK? How does UXLINK work?
7/2/2024, 8:28:24 AM
What is StoryFire?
Beginner

What is StoryFire?

Explore StoryFire, a unique platform combining social media with creativity where users create, share, and monetize stories using the BLAZE token.
6/30/2024, 1:27:56 PM
The Battle for Memecoin Market: Is Base Ready to Take on Solana’s Memecoin Throne?
Beginner

The Battle for Memecoin Market: Is Base Ready to Take on Solana’s Memecoin Throne?

Memecoins have attracted a wide audience, including both beginners and experienced traders, becoming a gateway into the cryptocurrency world and driving innovation. Solana, with its efficient technology and community support, dominates the memecoin market, while Base, an Ethereum Layer 2 solution, is quickly rising to challenge Solana's position.
6/28/2024, 2:20:45 AM
 Web3 Security Explained: How Can a Small Chrome Extension Cause Million-Dollar Losses?
Intermediate

Web3 Security Explained: How Can a Small Chrome Extension Cause Million-Dollar Losses?

This article details the incident where Twitter user @CryptoNakamao lost $1 million due to downloading the malicious Chrome extension Aggr, sparking concerns within the crypto community about extension risks.
6/28/2024, 2:11:03 AM
UXLINK Riding the Wave of Telegram Traffic, Partnering with Notcoin to Usher Web2 Users into the Web3 Era
Intermediate

UXLINK Riding the Wave of Telegram Traffic, Partnering with Notcoin to Usher Web2 Users into the Web3 Era

UXLINK is an innovative SocialFi platform that has become an industry benchmark by leveraging powerful group tools and a unique dual-market approach to attract users and developers. By tapping into Telegram’s traffic pool, employing the Link-to-Earn mechanism for user growth, and fostering collaborations with external developers and partners, UXLINK is paving the way for mass adoption. It is set to not only redefine the SocialFi sector but also drive industry-wide development and transformation, potentially becoming a future model for mass adoption.
6/19/2024, 10:53:52 AM
From Web2 to Web3: How TON Chain is Transforming Social Interactions and Payments
Intermediate

From Web2 to Web3: How TON Chain is Transforming Social Interactions and Payments

TON (The Open Network) is the only public blockchain officially supported by Telegram. Leveraging Telegram's vast user base of 900 million monthly active users, TON is creating a unique narrative that spans payments, social interactions, and mini-programs. It seamlessly transitions Web2 business models to Web3 without the cost of user migration by using Telegram's existing social network.
6/19/2024, 2:04:27 AM
The Importance of On-chain Reputation
Beginner

The Importance of On-chain Reputation

With various SocialFi projects and celebrities frequently launching so-called shitcoins, crypto researcher FRANCESCO has written about the concept of on-chain reputation and its importance, focusing on projects researching this area such as Debank and Ethos Network.
6/18/2024, 8:20:47 AM
Crypto’s Killer Use Case
Advanced

Crypto’s Killer Use Case

Welcome to the era of “publisher-exchanges,” where consumers exchange value directly via content platforms. The emerging trend removes all friction from the buying process, creating a more immersive UX, tightly coupling money and attention. This is the future of ecommerce.
6/17/2024, 6:38:40 AM
Reshaping Web3 Community Reward Models with RWA Yields
Beginner

Reshaping Web3 Community Reward Models with RWA Yields

This article introduces the Lingo project, which combines the real value generation of RWA with the exponential growth characteristics of tokenomics. By integrating real value generation mechanisms with a global partner reward ecosystem, Lingo aims to provide a more exponential, user-friendly, and rewarding Web3 experience.
6/13/2024, 8:00:31 AM

Your Gateway to Crypto Knowledge, Get Article Alerts Straight to Your Inbox.

Your Gateway to Crypto Knowledge, Get Article Alerts Straight to Your Inbox.

Learn Cryptocurrency & Blockchain