Quote from: Yudhisthir on September 20, 2023, 05:12:45 PM

Quote from: blockman on September 20, 2023, 03:56:52 PM

Quote from: coin-score.ai on September 20, 2023, 12:46:11 PM

Do you think SocialFi can be the new trend in crypto?

I don't think so. There have been a bunch of them in the past but never got the spotlight.

Yes, there were plenty of them and all of them failed. It's even not as easy for defis to stay afloat in this market and a lot of people have moved back to centralized exchanges for their trading needs. In a similar manner, centralized social places generally provide a better service and platform for interaction and exposure. It's like we can make a better looking and fancy alternative to the forum but can't necessarily be able to move the userbase to that site. For a socialFi to success, it should be a good social place to start with. For example, telegram could turn into a socialFi if they carefully take the right steps.

There's a lack of interest from the community if it's about these socialFis. They seem to be optimistically good upon hearing for the first time but it's not really enough at all. They can't work on it completely because the social projects that exist today are hard to beat. There's a need to reengineer these projects if they can't hit the market and interest of the people. And people are wiser today and many think that there's no need for such a new trend in the market because they're not really interesting at all. Maybe a hype from a marketer or influencer will help the project to gain some volume but that's it, from the perspective of being long term, it's afloating.