Here's a quick look at the current #SocialFi landscape - which is still evolving and growing. ♾
There are a number of up-and-coming projects within the space that seem to be in active development - such as https://t.co/yjXaPDoVuf, #OpenCampus, #FarCaster and more.
Read Part 2 of our full writeup on the SocialFi ecosystem here: https://t.co/llOANLgShJ
Are there any projects that you're keeping an eye on? 😉
✨ What is 'Learn and Earn' in the #digitalasset ecosystem? ✨
In the #crypto space, there are programs users can undertake to learn about specific topics, programs and platforms in exchange for incentives, usually in the form of tokens. 🪙
Some larger projects like centralized exchanges offer these programs to also encourage users to learn more about crypto in general and how to user their platforms. 🎓
Different crypto projects can also create their own (or work with different platforms) modules to incentivise learning activities so more users will get to know their token more. This creates a win-win situation of sorts for both the end user and the project. 🤝
Some popular Learn and Earn programs can be found on platforms like #Binance, #Coinbase, #CoinGecko, #Coinmarketcap, #BitDegree and more. ✅
Have you partcipated in any of these programs and what was your experience like? Share with us below! ⬇️
While #SocialFi is indeed an exciting space, it does have its own set of risks and challenges. We've written about it in more detail here ➡️ https://t.co/llOANLgShJ
One of the key issues that fall in the realm of content #tokenization is the friction it creates for collectors who have to spend money or tokens to acquire the content, but also often face a lack of a clear method to display or use said content. 📺
However, the space is still in its early stages and a lot of development and progress could be made in the coming months and years. 📈 We're definitely keeping our eyes peeled!
We’re continuing the conversion on #SocialFi with the second part of our two-part series on the growing space... ✨🌐
In Part One, we deep dived into an introduction of sorts to SocialFi, introducing the concept as a whole and exploring the rapid rise of this interest merge of #SocialMedia and decentralized finance. ☑️
Now in Part Two of our series, we’re taking a look at opportunities, challenges and growth potential in the SocialFi space, including a quick look at some SocialFi projects making moves in the ecosystem. 😉
Link to our latest piece ➡️ https://t.co/llOANLgShJ
Are there any interesting sectors in the #blockchain space that you’d like us to cover next? Leave us a comment! ⬇️
Yesterday, we attended a conference in #Shenzhen, getting firsthand insights into the global landscape of #AI adoption. 🌐 The event, sponsored by #DBSBank, was focused on technologies like #blockchain and #ArtificialIntelligence - also diving into how the growth of these industries will be crucial in the development of the Greater Bay Area. 🗺️
There were many notable speakers, including Ronnie Chan (Chairman of Hang Lung Properties) and some roundtable discussions featuring inspiring leaders such as the Co-Founder of Yunqi Partners, the VP of Huawei Strategy, VP of Lenovo Group Capital and more. 👏 We are thrilled to get their insights and viewpoints into the growing AI space, exploring topics from utility to regulations.
We'll share about the event in more detail in our upcoming Community Updates, so stay tuned for that! 🙂
Watch this space for more highlights and insights on the #digitalassets space coming your way.
We are currently NOT running any airdrops or campaigns, please practice utmost caution and report any suspicious activity to our community moderators. 🚫
Be hyper vigilant with your own data and sensitive information. ✅ Always best to be safe than sorry!
Let's strive to keep the #crypto community as safe as possible. 🫶
We took a look at some platforms like https://t.co/Q4N401UDSf and #FantasyTop in our latest blog post: https://t.co/bqcHQhzgU3
Both are quite new in the space and FantasyTop has already achieved multimillion-dollar volume days, while #FriendTech’s Clubs feature has generated an impressive $40 million in trading volume. ✅
Also check out our latest IG reel here ➡️ https://t.co/KZGph2fv5k - remember to Follow us on IG too! 🙂
What's your fave SocialFi project? Let us know below. 😉
We're now at the end of May - another month with lots of developments in the #crypto space! 🔥 Time sure does fly.
May has been a month of recover for the #digitalassets market, with #Bitcoin and #Ethereum breaking key resistance levels. 📈
An exciting update for the ecosystem is definitely the approval of spot Ethereum exchange traded funds (ETFs) in the US. 🎉 We're keeping a close eye on developments in this space - and for those of you interested in following performances of Spot Crypto ETFs, check out @Notifs_app Gazer feature. 👀
Things were also exciting in Hong Kong as we attended the 2024 AWS Summit Hong Kong - the conference focused on discussions around #AI and #Web3 with quite a few interesting sessions. 🇭🇰 It was great to hear from other projects and tune in to various developments in the space. 🌐
Read our May '24 Community Update ➡️ https://t.co/chBjBC49LH
✨ Let's take a look at how #DEXs (Decentralized Exchanges) have been performing recently ✨
In the past 7 days, #DEX total volume has been around $40 billion (based on data from Dune Analytics). The month of May '24 showcases a general decline in decentralized exchanges, coming from a record high of $267.94 billion in March, followed by $118.06 billion in April.
#Ethereum still dominates a majority share of total DEX volume, at around 51.9%. 📊 While in terms of DEX market share, #Uniswap currently holds the top spot at approx 64%.
While challenges do exist, the DEX landscape stilll seems to be evolving and growing with infinite potential for innovation. We've recently touched on various #Layer2 solutions in our blog and the growth of Layer 2 solutions could also potentially lead to more efficiency and scalability in the DEX space. 📈
Read our blog ➡️ https://t.co/7oREpfLZWU
Which DEX in the ecosystem is your current go-to and why? 🙂 Feel free to discuss below.
#SocialFi is indeed on the rise, check out our latest writeup for an in-depth look here ➡️ https://t.co/bqcHQhzgU3
SocialFi TVL has been facing a positive uptick recently, but how did it start? 🤔 One of the reasons the popularity of SocialFi has been surging is also tied in with the launch and growth of the #Base #Layer2 chain. 🌐 The chain has paved the way for platforms such as https://t.co/Q4N401UDSf, which has been generating a lot of hype on X and across various #crypto communities.
What are your thoughts on the SocialFi space? Share below! ⬇️
It's been an eventful #Bitcoin Pizza Day for us! 😉
We are thrilled to have attended the 2024 AWS Summit #HongKong today. 🇭🇰 A lot of industry experts were in attendance to discuss a wide array of topics, ranging from generative #AI to #Web3, and convergence of these industries.
We were pleased to attend one of the sessions where OSL, Hashkey and Sei Foundation shared about their #digitalasset developments with AWS, showcasing more dynamic and agile cycles for the #blockchain space at large. 🌐
Looking forward to more of such events - was definitely great to network with and learn from other industry leaders in the space!
On the 22nd of May way back in 2010, a man in Florida infamously paid 10,000 #Bitcoin for pizza... 🍕
And that 10,000 Bitcoin is worth a whoopin' $700million today. 🤯
Which has led to an annual celebration and commemoration of the day that #Btc was first used for commercial purposes. 🥳
Happy Bitcoin Pizza day to all our community members and beyond! The #crypto space has certainly come far from that momentous day in 2010 and we can't wait for what's next. 🎉
Today, we're taking a look at the #SocialFi space. 👥
SocialFi is indeed an innovative concept, merging both the social media and finance space and has recently been taking the #Web3 ecosystem by storm. In a nutshell, SocialFi enables various content creators to monetize their content and influence via smart contracts. With how social media has captured the masses' attention span, this definitely signifies amazing growth potential for this space. 🙂
Read part one of our two-part series: https://t.co/bqcHQhyJ4v
Recently, projects like FriendTech v2 and FantasyTop have been gaining a lot of attention and traction, and OAX Foundation will continue to closely monitor this growing sector within the #digitalassets ecosystem. 🌏 Visit the link above for an in-depth overview.
Want to know more about #Bitcoin #Layer2 solutions? Check out this quick overview of the Bitcoin Layer 2 space and for a more in-depth look, read our latest writeup ➡️https://t.co/Tpisq6vWDp
As the #digitalassets space grows and achieves more mass adoption, it's inevitable that demand will increase for faster, cheaper and more user-friendly transactions.
Just a reminder if you haven't heard of our Grant Program - if any of you have any amazing ideas or projects up your sleeves that drives an impact to the growing #blockchain ecosystem, we'd love to hear from you! 🌐
Check out our Grant Program page ➡️ https://t.co/EjCIyglRsl
For any queries at all, please don't hesitate to reach out to us. 😄