Bitcoin is undergoing the most important adjustment since its new high. If it goes down or falls sideways and then moves to a new historical high, the bull market will be 100% certain to start. At this time, paying proper attention to some sectors that have not yet overheated will help us catch the next wave of the market. Since the most popular one at the moment is the dog meme, let's compare it with meme from all aspects to see the potential of other tracks. First is Web3 SocialFi, this once popular sector, how is it now?
🔥🔥🔥Product launch vs concept stage
Different from the current Meme storytelling and issuing coins through the background stories of different cats and dogs, SocialFi has entered the product and commercial implementation stage. Taking @Contentos-COS as an example, several major products currently have a considerable number of daily active users. Among them, COS.TV is a decentralized video sharing platform built on the Contentos blockchain network. Users can upload and share videos on the Web3 platform, which is the same as Web2 applications, and at the same time obtain income from advertising, donations and pledged content.
Another product, Channel VIP, allows Web3 content creators to establish exclusive channels to earn income and interact with fans. This product is similar to the popular circle type. The core is that users can enter the private group of high-quality content bloggers by purchasing a pass PASS to obtain more core resources. Different from Web2, content creators can also issue and sell BRC-20 tokens and create airdrop tasks for fans.
The third product is COS.SPACE, a metaverse product where users can participate in art exhibitions, live events, play games and socialize virtually in this virtual 3D world. Contentos shows that SocialFi beats Meme in terms of commercial applications.
💥💥💥Value transfer vs. hype
Continuing to take Contentos as an example, the above products are basically built on the Contentos blockchain platform, and use $COS tokens to carry out a whole set of economic activities and value transmission. In addition to the creators of the platform, users can also get COS rewards in various activities on the platform, such as airdrops, likes, comments, etc. On this basis, users can also choose to further pledge COS to the Contentos network and participate in the voting and governance of platform decisions.
Through the token economy of COS, Contentos takes into account the creative rewards of creators and the social contributions of users, which not only helps to improve the quality of content, but also plays a positive role in the stickiness and activity of platform users. It can be seen that SocialFi already has the prototype of Web3 application, and the token has a specific example, which can carry out a certain value transmission. Compared with the current meme that makes money by rising and falling, SocialFi is much higher.
🌹🌹🌹Protection vs Damage
In my opinion, hype without commercial application development to drive value growth will not last long. Only when the tide recedes can we know who is swimming naked. Excessive hype, in addition to causing losses to investors, is also damaging to the image of the entire industry. The current meme has already given this feeling.
The reason why I am optimistic about SocialFi is that although it has been developed for so many years, it is still necessary to integrate Web3 technology as the most basic application demand scenario in human society. As a content creator, I also believe that high-quality content needs to be discovered and rewarded, and decentralized technology is a prerequisite for protecting the rights and interests of creators. Platforms such as COS.TV and Channel.VIP can provide ecological rewards for creators and users, which not only deeply binds user behavior with the development of Web3 SocialFi, but also provides protection for the entire Web3, and has great potential to go beyond the circle.
The above is my personal opinion on SocialFi and Meme, and does not constitute investment advice. Thanks to @Contentos-COS for sponsoring, #COS开启SocialFi新时代 $COS
