The Bull Case for SocialFi: Mini-DAOs, Social Trading & GameFi, and Beyond.
What really drives you to SocialFi?
Here we are again, just four days after my previous post on SocialFi.
But this time, I have a good reason to write another one. Something clicked in my head over those four days, and I'm feeling even more bullish about what SocialFi can offer.
In my previous post, I wrote that while speculation drives most people to join these apps, the ultimate key to their long-term success lies in the relationships formed within these communities. In essence, these apps should focus on creating tight-knit communities that share both financial and social value.
I imagine a not-so-distant future for FT Forks with mini-DAOs, social trading groups, GameFi, and even an overshadowing of Telegram bots.
Before we dive in, I'd like to mention that if you are currently using Friend tech on Base chain, you might like what this week’s sponsor has to offer. Personally, adjusted to risk profile, I like their high APYs for major tokens like ETH LSTs and stablecoins. NFA!