I was fiddling with social applications this morning, and curiously looked at the DeBox $BOX market, which was once popular.

Now the circulating market value is less than two million, and it is basically certain that all participating institutions have been wiped out.

The three representative applications in the 2023 social cycle, Tipcoin, Friend tech and DeBOX, have all ended dismally so far.

They each represent three social paradigms: X to Earn, influence tokens, and chat applications.

Does this mean that these three models have been falsified?

I don't think so. The market will not stop exploring applications because of a short-term trough, and the financing market is still increasing.

There is a lot of room for exploration in the tokenization of social relationships and content incentives for creators.

Of the three pillars of the traditional Internet: e-commerce, social networking and online entertainment, social networking is the most likely to be implemented in Web3, and it is also a track with a large space.

And whether it is the secondary market of Web3 or the on-chain trading market, information dissemination depends largely on social networks.

➠Trading decisions are essentially the results of individuals processing information flows.

All of these show the rigid demand for social networking and information itself in the transaction process, and the combination of social networking and Web3 still has great potential!