Tag: socialmedia

Mixing social media and Web3 – what do we know about SocialFi?
12.10.2022

Mixing social media and Web3 – what do we know about SocialFi?

SocialFi (social finance) unites the principles of social media and DeFi (decentralized finance). To put it in another way, it’s social media based on blockchain technology. Its participants are targeted on secure data, freedom of exposure of their opinion, and monetizing of their social-media engagement. Regarding the latter, the profit from engagement is paid in cryptocurrency, while NFTs (non-fungible tokens)…

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