The combination of social networking with blockchain finance is referred to as SocialFi. Users can earn money by creating content, participating in DAO governance, minting NFTs, interacting with other users, watching entertainment, and gaming in the SocialFi area. Unlike the Web 2.0 social networks we’re used to, SocialFi projects protect and secure users’ personal data, distribute advertising money equitably, and deliver a more valuable user experience.
Thank you for reading this post, don't forget to subscribe!
Although there are so many SocialFi projects, this post will give you our top 5 socialFi to earn as a creative.
The following concepts and classifications are used to categorize the SocialFi track project:
“A token supported by a personal reputation, brand, or community,” according to the definition of a social token. The value of the community will continue to rise, which is why Social Tokens were created. Casting and distribution, as well as content capitalization, are more common project concepts.
By issuing coinage, social projects control the communities they build. They can split the hierarchy based on the community’s activity and contribution, and they can use tokenized rights to boost the rewards of creators, cultural producers, and associated players. Many tools are currently available for support.
The majority of social tokens are built on the ERC-20 standard, and they are mostly used for technological development and project innovation.Distribution mode, asset protection, token model, and community management are the four main directions.
Personal tokens, community tokens, and social platform tokens are the three primary types in terms of function. Social platform tokens tend to prioritize value circulation inside the platform, whereas social tokens emphasize the services and value supplied by individuals, according to a more precise categorisation. The growth of community tokens has also been aided by Dao organization, liquidity mining, and other ways, and many projects have overlapped with other concepts.
Personal finance, private communities, fan economy, platform subscriptions, sports entertainment, personal money, community brands, and other forms of distribution are currently used to distribute existing social tokens.
The following are however, Random picks from the different categories;
- Mask Network
Mask Network is a relatively special “portal”. Mask does not create a new platform, but bridges the Web2 and future Web3 concepts in a “plug-in” way, allowing users to seamlessly connect to existing social networks without migration. Send encrypted messages, encrypted currencies and even DApps (Defi, NFTs, DAO) to create a decentralized Applet (DApplet) ecosystem without the use of centralized servers.
The distribution method of Mask allows ordinary users to further access encrypted assets without changing the current mainstream social platform usage habits. At the same time, Mask has also been given multiple attributes such as private social networking, decentralized storage, DeFi, and DAO.
Peepeth is a decentralized social network that runs on the Ethereum blockchain. It promotes mindful discourse and effective altruism. Peepeth was created as an alternative to Twitter. There’s no one controlling your data. That’s why you can securely share your thoughts with others.
Peepeth’s mission is to encourage mindful engagement and positive contribution, both online and in the world.
The blockchain is only part of the story. Peepeth’s features encourage thoughtful, responsible engagement, and discourage hate, spam, and reactive posts.
Nafter is a social platform that NFTizes short content. Similar to Instagram, creators can convert the created post into NFT and profit from selling the right to view the post. At the same time, users can also pledge the platform’s native token NAFT or the content creator’s revenue share by staking the personal account of the favourite content creation.
Coinvise is a social token issuance platform focused on APIs, allowing developers to integrate tokens into their existing platforms. On the Coinvise platform, creators or communities can mint social tokens and establish incentives on the Ethereum and Polygon (Matic) networks. At the same time, creators can also use tokens for rewards, airdrops, crowdfunding, access control, NFT, etc. Application scenarios.
Mirror cuts in from the perspective of content financialization and provides a platform that allows each article to have “NFT + governance” attributes, and these contents can be invested, traded and governed. Creators who meet the requirements can initiate crowdfunding under the article, and users can obtain it when participating in crowdfunding. Each transaction of the NFT share token “Article NFT” is linked to investor dividends. In addition, the invitation token “WRITE” is used to create a column, and holders have the right to vote. Under certain platform preset conditions, “WRITE” can also serve as an admission certificate.
Mirror’s NFT token minting is done with the help of the Zora platform. Since the founder of the platform was created by Denis Nazarov, the former partner of a16z crypto, it has always been widely followed in the field of social token.