Thu, 20 Jan | Online Event

Why SocialFi is the Next Big Thing in Crypto?

SocialFi is an innovative way to monetise social interaction that allows friends to connect and learn more about the crypto space. Many influential personalities use social media to profit through sponsorships. Find out more on how Social Media on the blockchain could be the key to this mission.
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Why SocialFi is the Next Big Thing in Crypto?

Time & Location

20 Jan, 10:00 pm – 11:30 pm SGT
Online Event

About the event

Why SocialFi is the Next Big Thing in Crypto?

 

After the DeFi, NFTFi and GameFi era, SocialFi has become the hot track in the industry now. With the increase in popularity of digital platforms such as Twitter, Facebook, and Instagram, the impact of social media on our lives is clear. SocialFi is a combination of Social + Finance, but it is transitioning to Social + DeFi. SocialFi is relevant as a social influence on any medium can be tokenised, allowing users to get direct monetary benefits from being influential figures on SocialFi platforms. 

 

Social Tokens are defined as "a token supported by a personal reputation, brand or community." Social Tokens with the expectation that the value of the community will continue to increase, increasing the value proposition for all entities involved. Such propositions include casting and distribution and content capitalisation.

 

SocialFi is an innovative way to monetise social interaction that allows friends to connect and learn more about the crypto space. Many influential personalities use social media to profit through sponsorships, which are gained based on their engagement rates. SocialFi is created through issuing tokens which are divided by a hierarchy according to the activity and contribution of users in the community based on the participant roles. The tokens are supported by personal reputation, brand, or community, and the token's value depends on the number of the community. Find out more on how Social Media on the blockchain could be the key to this mission. 

Agenda

10:00 pm - 10:25 pm What is blockchain, and how has it impacted our daily lives?

10:25 pm - 10:40 pm Reshaping the value of Blockchain games with NFTfi and its integration into the Metaverse.

10:40 pm - 10:55 pm How Social Media on the blockchain could be the key to this mission

10:55 pm - 11:10 pm DeFi, NFTfi, and SocialFi. So what comes next?

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