[Dynamic] Focus on hot spots, SocialFi's ecological momentum is steady and moving forward

Recently, there have been a lot of topics on social networks, especially the “Zama Show” that has attracted a lot of attention. From the early Internet war of words between Musk and Zuckerberg, to the intensified “contracts”, the way top entrepreneurs and billionaires resolve conflicts is also so unpretentious.

In other words, as the most powerful response, Zuckerberg strongly launched the social app Threads, and the number of users broke through the 100 million mark in a short period of time. Compared with Twitter, which has been constantly adjusting for controversy recently, Threads is indeed a stern hook. The punch landed on the old horse.

Coincidentally, the popularity of social networks is equally lively in the encryption field. Bluesky, known as the “decentralized Twitter” project, has been downloaded more than one million times on iOS and Android recently, pushing decentralized social networking to a new high. It is understood that in terms of regions of use, Bluesky has the most installations in the United States, accounting for 40%, followed by Brazil (9.5% of installations), Japan (8.5%), Thailand (7.5%) and the United Kingdom (4.6%).

Whether it is social or other creative projects, the recent SocialFi ecosystem is showing a good momentum.

On July 12, Stani Kulechov, the founder of the Web3 social protocol Lens Protocol and Aave, tweeted that the Lens Protocol V2 version will be released during the EthCC (Ethereum Community Conference) conference in Paris, attracting industry attention.

According to the data in July, the cumulative amount of CyberProfile NFT minted reached 1.243 million, and the number of wallet addresses held was 1.218 million. CyberConnect has become the first Web3 social network protocol in the true sense with a million-level user volume.

Founded in 2021, CyberConnect aims to return the ownership and usage rights of social data to users, enabling them to truly own and control their social identities, relationships, content, monetization methods, etc. in social networks. And set up an account system with CyberProfile NFT as the core, and use it as the user’s passport in the Web3 world.

As a hot spot for charity in the SocialFi ecosystem, CharityDAO has recently made official announcements, and has successively reached partnerships with Fomoin, VCGAMERS, Shareverse, Coinstages, Puffverse, DAO Space and other partners. The community influence and radiation of encrypted charity have reached a new level layer. In addition, after completing the offline charity activities in Uganda, CharityDAO has implemented humanitarian relief in 14 countries around the world, including: Ukraine, Zambia, Turkey, Nigeria, India, Sierra Leone, Sri Lanka, Nepal, the Philippines, Indonesia, etc.

In addition, Bluesky, a decentralized social project, announced the completion of a $8 million seed round of financing, led by Neo. The new funds will be used to expand the team and manage increasing operating and infrastructure costs. At the same time, Bluesky has launched a paid service, which cooperates with the domain name registrar Namecheap to provide domain name purchase and management services.

SocialFi ecology is a “people” business, and the value of the 100 billion market has always been the highlight of the entrepreneurs’ struggle. A group of entrepreneurs with great vitality are growing vigorously in the soil based on the blockchain infrastructure. From now on, we will also witness the brilliant sparks of more social and financial collisions in the Web3 world.