Future of Social Interactions: What is 'SocialFi' in Web3? | Systango
Future of Social Interactions: What is ‘SocialFi’ in Web3?
Web 3.0 is introducing new technology fields that combine with decentralized finance (DeFi) elements to blur the lines between web2 and crypto, which includes GameFi and now also SocialFi.
SocialFi is the fusion of social media and Web3.
It refers to social media on a blockchain with a layer of finance in it. The concept brings together the principles of decentralized finance (DeFi) and social media to create, manage, and own content