According to Wu, Katie, an investor at the venture capital fund Archetype, used social-financial attributes and implicit-explicit capital as the axis to show the social platforms of Web2 and Web3. Among them, Twitter has a certain balance in both social-financial and capital dimensions. LinkedIn and Zora are in the first quadrant (finance + implicit capital); Discord, Spotify and Substack are in the second quadrant (social + implicit capital); Wrapcast, Instagram and TikTok are in the third quadrant (social + explicit capital); friend tech, fantasy top, pump fun and Polymarket are in the fourth quadrant (finance + explicit capital). Implicit-explicit capital is a measure of the degree to which the platform's functions and user experience rely on capital. At present, most of Crypto's social applications belong to explicit capital, that is, the platform's user experience is more dependent on capital acquisition and has strong financial attributes.

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