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SocialFi — What will it bring to the future?


What is SocialFi and how does it work? SocialFi is a blockchain platform that combines social networking with finance. SocialFi may be seen as a new “variation” of DeFi that emphasises decentralisation, openness, and user empowerment. However, two other ideas, Web 3.0 and DAO, will be strongly tied to SocialFi. You may see things like this to make it simpler to comprehend. This market is now dominated by social media platforms such as Facebook and Twitter. What they all have in common is that they all provide a free service to users through a middleman. They then gather the user’s data and profit from it, for example, by delivering advertisements.

With the introduction of SocialFi, traditional social networks will be upgraded to the Web 3.0 platform. Instead of concentrating power in the hands of an intermediate corporation, power will be placed in the hands of users at this time. They have the power to determine whether or not that model will survive, and they may even be able to monetize their data.


What does SocialFi bring to the table?

We will quickly recognize the features of transparency and justice in DeFi, and SocialFi will assist in the resolution of many difficult problems.

Consider the possibility that well-known individuals, organisations, or companies may establish Tokens with various applications based on their objectives, and that the greater the community, the more valuable the token. Can’t imagine what the value of this colour field will be when every celebrity, every business, every entertainment industry, every field, and every community in the globe issues Tokens. This coin has a variety of names, including Social Token, Community Token, and Creator Token.

Imagine if a well-known rapper in Vietnam issued his own Tokens and issued them to his fan base. What effect will they have?

  • This Token can be used to purchase artist-related items such as an outfit from a business that collaborates with the artist or event tickets starring the artist.

  • Instead of relying on the artist’s supplementary variables, if he needs more funds for his artistic pursuits, he can sell a portion of the Token to cover these expenditures (Making Music Video, Making Show).

  • If they receive a call from people in their own community with the Token sent, it will assist solve such work-related concerns, which is a particularly sensitive topic today. Nowadays, because every transaction is publicly disclosed and auditable, anyone may check it.


What does the SocialFi ecosystem include? Currently, the majority of SocialFi initiatives are focused on releasing tokens and then making these social tokens the project’s core. In general, social tokens may be classified into three groups:

  • Personal token: Assume you possess a fan base, and personal tokens will assist you in interacting with and keeping in contact with your followers. Simply, you’ll be able to design your own social token, which you’ll be able to sell and distribute to your followers. Personal tokens, for example, might grant your fans access to exclusive groups or unique material created by you.

  • Community token: Community tokens are tokens issued by a specific community, similar to the type above. For example, let’s say you’re a gamer who wants to join any gaming guild. To bring this community game guild together, participants will create their own tokens and distribute them to other members.

  • Social platform token: A type of token produced by social networks is known as a social platform token. Users will most likely be able to receive tokens of this sort from models like Facebook or Twitter in the future. It may be used for security, locking, and even community governance.



In addition, Starverse is also a SocialFi game that has issued two tokens: Startverse Coin (SVC) and Startverse Token (SVE). The variety and uniqueness of this game is waiting to be discovered by you.


Startverse SocialFi

Startverse is a Metaverse, SocialFi game for everyone, who wants to build their own startups. Here you can be a boss, a famous artist, a handsome pizza delivery guy, you can even be the owner of a casino or build a guild specialising in land contractors and do whatever you want with your empire!

To succeed in-game, you must succeed in both of your career and relationships. Players must fulfil their needs to balance between sleeping, eating, working and gyming just like real human beings. They will also need to find a job or build their own company to make money. The real goal of the game is to help your character achieve success with his dream career.

The latest Virtual Reality technology is implemented into Startverse to bring an unique 3D experience in the virtual world. Our game will support running on: ● Mobile: Android, IOS. ● WebGL and PC.

GAME GENRE: Simulation, Management, VR.

AGE: 9+

Hope this article has provided you with useful information. If you have any questions or would like to discuss this post with Startverse, please leave a comment below!


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