Social-Fi: the road to Web 3.0

A previous article from HyperPay Labs provided guidance on Game-Fi and the definition of tracking, but where is the Game-Fi industry hotspot?

Recently, the concept of Web3.0 has gained popularity, and NFT, Metaverse, Game-Fi, etc. all switch to next-generation Web3.0 Internet development. Then, due to the high demand for social networks on the Internet, Social-Fi, which switched to the Web3.0 system, gradually established itself as a hotspot of the future market. From DeFi to Game-Fi to Social-Fi, the removal of "Fi" shows that this method is almost identical to the transition of the Internet Web 2.0, and this is how there is no change.

Each company's openness and transparency is a prerequisite for the creation of Social-Fi, as corporate relationships constantly exchange content between users and their customers. Personal benefits, when users spend too much time and energy cannot directly benefit the core. of Social-Fi Fi is to provide users with direct benefits, and effort or time can be directly promoted. DeFi has created a complete and integrated platform for Chain Games, where players can engage with developers to benefit from ecosystem development. In technology, everyone can benefit by proving their worth.

Social-Fi's market is by no means more than Game-Fi. We may be out of the game, but we won't participate in the conversation. This will bring globalization and integration as the integration of the encrypted world continues until they meet the requirements of Web 2.0. In the meantime, more tokens will be released on this great network, and the crypto world will no longer be a small community playing alone.

Currently, Social-Fi is in the early stages of development and most green participants are based on social tokens, primarily for approved expansions and updates. Fi and some works have to do with NFTs. , Game-Fi and other content overlap. In this article, the author will provide insight into various Social-Fi run projects, including "old" jobs with good business costs, popular jobs that exploded overnight, and the first new jobs. We hope that interpreting this project will give everyone a clear understanding of the concept and meaning of Social-Fi.

DFINITY ecosystem (dfinity.org)

Dfinity (ICP) is an integrated network development process, the process of creating a stable "virtual blockchain computer" that runs on a peer-to-peer network, enabling software installation and improving performance. bind. VRF (Verifiable Random Function) technology allows the virtual machine to complete the calculation quickly (using shorter time and less block required to focus) and provide better performance (almost always acknowledgment period); And depending on the demand for growth services, counts and storage capacity can be continuously measured.

DFINITY raised $61 million in its initial funding from Andreesen Horowitz and Polychain Capital in February 2018. As of August 2018, the second funding was $102 million, making a total investment of $195 million. DFINITY aims to develop, support and maintain a blockchain-based decentralized Internet computing protocol capable of running the next generation of large applications without restrictions, and providing all interconnection services, weather services.

The most important functions of the DFINITY ecosystem are several Socail-Fi operating systems such as Openchat, Cancan, dscvr.one, Capsule and Distrikt. The author will focus on Distrik among them.

Distrikt is a professional social networking network created by a personal user ID (SID). Its leaders called it LinkedUp and attempted to create a public version of Linkedln. At the beginning of 2020, DFINITY presented LinkedUp at a press conference to demonstrate the ease of development of DFINITY. Later, the CEO of Dokia Capital, Aurel Iancu, decided to finance LinkedUp and set up a team dedicated to its development into an individual project, Distrikt.

Developed by DFINITY internet computers, Distrikt will be the first 100% blockchain-based social media network. This means that all interactions, downloads and exchanges that occur on the Distrikt are in the chain. Distrikt is designed to provide users with the ability to connect, collaborate, and share content on a self-managed platform while retaining full ownership and management of their data. Distrikt's value propositions enable groups to build blockchain-powered social networks around the power of user data.

Deso (deso.org)

DeSo is a special public channel designed to build relationships, and the DeSo social network is built on top of it. DeSo's long term goal is to build open source relationships. With an independent blockchain platform and the largest public chain, DeSo supports both social media platform functionality (including profile creation and advertising) as well as specialized blockchain operations (such as social tokens, gifts or NFTs, etc.). .

The founder of DeSo is Nader Al-Naji, an anonymous developer of the social network BitClout (DeSo's predecessor). He found the algorithmic stabilitycoin protocol Basis, which was forced to shut down in 2018 for the right reasons. So almost every investor has already invested in Basis, and the lines are even bigger. a16z, Sequoia Capital, Social Capital, Coinbase, Winklevoss, Polychain, Blockchange, Distributed Global and other investment companies, the total investment reached 200 million. American dollars.

Monaco Planet (monaconft.io)

Monaco Planet discusses the development of the concept that "ownership and management rights are determined by the user" and uses the "content is extracted" model, allowing users to express interests, ideas, interests, NFTs and commitments.

With the announcement of the Monaco Planet beta, Monaco Planet's low-end NFT yacht is starting to ramp up with the entry of Monaco Planet. According to Monaco Planet's content exploration mechanism, the period from November 28 to December 31 is the invitation period, and only users who have Yacht NFT on the platform and 5 users who have received users from the invitation can participate. Early adopters could get airdrops, perks and more, and with the invitation of KOL Call, the Fomo vibe in the market was soon broken by Monaco Planet, making it difficult to find vin numbers .

But as Monaco Planet's fame soared, word of mouth declined. While Monaco Planet aims to reward users for managing their information and creating content that is virtually non-existent, currently outdated content, and the platform has come up with inaccurate content, while Monaco Planet is fake. Moreover, as a rule, most of its functions are provided by intermediate processes, and only NFT authentication and wallet authentication use the output of blockchain technology.

How to solve the above problem? None of this is yet unknown, and you have to let go of the balls a bit to see how far Monaco Planet can go.

WHALE (whale.mi)

WHALE is an example of a community token. The Whale Community, founded by WhaleShark, is one of the biggest buyers of NFTs in the cryptocurrency industry. WHALE tokens were recovered from WhaleShark's NFT assets. WhaleShark has enabled many functions for tokens, such as special purchase of NFT works by WHALE partners (such as performances, games, writing, etc.). Used to advertise or vote on recommendations from other WHALE DAO services. According to the WHALE DAO, the final decision on the control of these NFTs is in the hands of the WHALE holding company. In addition to NFT, the WHALE mission, community size and collaboration allow developers to interact with each other, and multiple WHALE devices allow developers to interact with each other and their fans, to ensure uneven performance when they are anonymous. . WHALE currently has a market capitalization of $125 million and currently participates in over 10,000 members of the Discord community board meeting. WHALE is one of the most experienced companies in the industry.

Chiliz (chiliz.com)

ChiliZ, a blockchain-based esports voting platform that is part of global sports and entertainment company Mediarex Group. In this community, fans with Fan Tokens will be able to vote on issues such as club colors, music and logo, peer competition, charity, song entry, and more, and results of the vote are linked. Improve the participation of the user community. The Socios.com fan engagement platform is built on the Chiliz blockchain infrastructure and uses CHZ as the platform token. Socios.com offers official Fan Tokens for the world's most popular sporting events including Barcelona, ​​Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético Madrid, OG, Atlético Independencia and UFC.

Mask Network (mask.io)

Mask Network is designed to help users seamlessly transition from Web2.0 to Web3.0. Instead of creating a new platform, Mask connects via "plugins", allowing users to access passwords, cryptocurrencies and even traditional social networks (such as Twitter) and DAOs. The ecosystem has been expanded to include DeFi, NFT, privacy, storage, community DAO and other sources, and the use of masks will allow ordinary users to access the device. Cryptographic additions do not change their use current relationships. Mask has developed an app called Decentralized Applet (DApplet) that connects directly to Facebook, Twitter, and Reddit. In essence, the Mask Network can link "DApplets" to Facebook, Twitter, and other distribution channels, so existing relationships can't block them unseen. Mask Network has also developed a way to announce a new token, Start Twitter Offer (ITO).

Rallye (rallye.io)

Rally is a decentralized platform for custom token categories, providing YouTube users, artists, app developers, and other developers the ability to post custom tokens to their online communities, sharing the management of links with RLY with relations with developers. token. The platform covers distribution, channels, deposits and transactions as a whole, and Rally adopts Layer2 solutions to streamline processes such as instant trading. Rally allows advertisers to showcase their fans, reward customers and earn more money. Rally also allows makers to create custom token-based business models and share trades with fans. The purpose of the Rally is to open the door to crypto art so that fans can get closer to the work and life of their creators. And developers can achieve great results in personal ways to benefit, be inspired, better allocate resources, and be more productive.

Currently, Rally is sponsored and invested by reputable companies such as ANDRESSEN HOROWITZ, Coinbase, 1confirmation, Battery, SparkLabs and IDEO.

Gitcoin (gitcoin.co)

Gitcoin is an open source software development support platform with the vision to support multiple open source projects and support the advancement of the blockchain open source space. Gitcoin provides the platform and access to funding for open source applications of all sizes. In addition to the donations received from all sources in each of the Gitcoin fundraisers, Gitcoin will use it as an alternative to Ethereum Foundation fundraising, increasing the impact of the good work invested. Gitcoin aims to be an open-source Ethereum giveaway platform where blockchain projects can find developers who need to use unique giveaways, and with the development of the platform, a variety of models such as the crowdfunding, hackathons, social media and education will grow. To do

Polygon has announced that it will commit $1 million to support Gitcoin activities, which will be split equally among Gitcoin grants over the next 5/4. Gitcoin Free is a quarterly event in the Ethereum community that aims to build a thriving ecosystem by nurturing and supporting a variety of startups through community engagement. .

ipland (ib.io)

Finally, the social-Fi project IPland, which is still in its infancy, unveiled. IPland is a metaverse social network portal, an NFT digital content financial platform based on the next crypto token business model (NFT Game-Fi Social-Fi). IP real estate solves the problem of capital inconsistencies, the difficulty of identifying content terms, and the gap between IP content resources and requirements, while retaining the advantages of socialization with users, distribution heritage and providing a sense of insight. Social-Fi Game-Fi helps to develop social/gambling games, gain creativity, promote social network co-builder activity, create personalized self-contained metaverse community, and help users transform content versus assets. . - Ability to add.

IP Land has yet to release details of the project, and the author has announced through an IP Land official that he intends to co-sponsor NFT activities with select travel agencies. The Co-NFT concept mentioned on IPLAND official website is a global idea, and if it improves according to the description, it could be an opportunity for developers, second-design products and content fans to play. a major role in Web3. 0 world.

What Web3.0 shows is the value of personal data sovereignty, which is based on the concept of Social-Fi. Social-Fi wants developers to get more out of it. So we can consider Socail-Fi as the mainstay of Web3.0, and developers can first know the financial sharing model of Web3.0. For Web3.0 to improve, more Web2.0 users will need to access the Web3.0 network, and the new integration, Social-Fi, will be the driver after installing Web3. .0. Make it easier for large Web3.0 applications to accelerate Web2.0 users into a whole new world.