SocialFi – is Web3 going to take over the “Social Media industry”. Personally I am starting to use more web3 oriented social medias, such as DSCVR, Solcial and so far it’s a great experience. The only thing that lacks in this space is amount of users. Please recommend SocialFI projects that you use
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"Which potential does SocialFi have? Is it possible that blockchain-based media will dominate in the media dimension? Which steps should be taken for achieving this advantage? – Yes it is, and this is the future we're all working towards. It won't be instant though, and it's not clear that any of the existing products will achieve that status. It may take well over 10 years for X or Instagram to be replaced by a Web3 alternative. The best thing we can do is to continue building – it will take hundreds of new products experimenting with different configurations of the principles I just spoke about – all competing for attention – and the best few eventually coming to dominate." submitted by /u/MemenaSerena |
