What is social-fi in your mind?

Defi liberates us from third-party finance and U.S. dollars, so what can we get from Social-fi? Here I want to talk about what I think is the most important thing. social graph

Blockchain reduces the friction of third-party trust. Similarly, relationships between people can be strengthened or severed through blockchain. Through on-chain activities, we can easily prove that we have certain characteristics and have nothing to do with trust. Through this, I can decide to be friends, business partners, investment consultants, project developers, etc. with you, and establish different types of social graphs.

Your social graph is under your own control. It is open, transparent and unique. There may not be a need for exchange, but if the project uses a social graph, you can see the reality of the project at a glance. Projects can even grant different levels of benefits and permissions based on the map. And having a social graph also allows you to painlessly connect, promote and even attack users between different projects.

Where is the finance?

Since you can make use of your on-chain traits, traits should be quantifiable and able to grow and be consumed. Ex: Consume "NFT characteristics" to endorse the project in exchange for Token or white orders. Consume "Defi traits" to exchange for Airdrop, etc.

Although there are no certain standards or products for these things, this is a very important vision for Social-fi in my mind. Blockchain gives us the ability to freely transfer value, so I hope Social-fi will allow me to Pass on my social qualities. What do you think of social-fi? #web3community #SocialFi