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With a newly revamped Friend.Tech right around the corner, SocialFi has once again become a big subject of discussion across crypto.
The term SocialFi may bring back memories of BitClout and DeSo, the crypto-native Twitter alternative that had its 2021 moment in the sun. Failing to gain real traction, though, BitClout quickly faded away, eclipsed by DeFi, NFTs, and DAOs, leading many to say SocialFi was still too early.
Yet, certain NFT projects and DAOs currently stand as the best examples of successful SocialFi, creating social networks imbued with DeFi that have had incredible staying power and, arguably, set the stage for this cycle's memecoin SocialFi.
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