SocialFi is short for social finance

This is a new concept that has the potential to completely change social media. With the surge in mask and doge some time ago and the recent performance of debox NFT, we can see that socialfi has potential and is likely to lead the next wave of development, which deserves attention.

SocialFi is built on the principles of decentralization, putting users in control of their own data and giving all parties equal opportunity to make the most of today’s social media landscape.

The most attractive aspect: providing users, content creators, and app owners with many new ways to monetize their engagement by introducing the concepts of social tokens and in-app utility tokens.

SocialFi is still evolving and has many challenges to face.