Phaver Is a Web3 Socialfi Super App

October 12, 2024 Bitcoin.com

bitcoin.com

In an interview with Phaver’s CEO Joonatan Lintala and Ecosystem CFO Tomi Fyrqvist, we explore how this Web3-powered social platform aims to revolutionize social media by integrating blockchain technology and token-based incentives. Phaver’s Decentralized Social Media Puts Users in Control Phaver is a decentralized social media platform that integrates Web3 technologies, allowing users to take […]

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After Friend.tech’s failure, SocialFi must ‘cross the chasm’ to succeed

September 23, 2024 Coin Telegraph

Adoption

In the wake of Friend.tech’s collapse, Cointelegraph spoke with industry leaders to find out what went wrong and what comes next.

The social finance (SocialFi) sector can learn valuable lessons from the collapse of Friend.tech, helping to drive the next generation of projects to sustained long-term success.

SocialFi reimagines social media with decentralized structures, promising users greater control over their data, privacy and monetization opportunities.

Friend.tech linked its decentralized social media platform to X, catching a hype wave from August 2023 into 2024. But its token’s price crashed in May and was effectively pronounced dead in August.

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Pip World Buys Roblox Stock Simulator Game for Undisclosed Price

August 10, 2024 Bitcoin.com

bitcoin.com

Stockrise, Roblox’s highest-grossing stock simulator game, has been acquired by the socialfi gaming platform Pip World for an undisclosed price. The acquisition is expected to help Pip users develop practical risk assessment and trading skills. The deal sees Stockrise join Pip’s social games ecosystem, which includes the immersive trading strategy simulator game Pip Trader. Boosting […]

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DWF Labs Launches $20 Million Cloudbreak Fund

July 4, 2024 Bitcoin.com

DWF Labs Launches Million Cloudbreak Fund

AI projects

DWF Labs announced the launch of a $20 million Cloudbreak Fund aimed at supporting Web3 projects in Chinese-speaking regions. The fund will provide investments and strategic resources to help emerging projects achieve their potential. DWF Labs Reveals Cloudbreak Fund for Web3 Projects in Chinese-Speaking Regions According to the announcement shared with Bitcoin.com News, DWF’s Cloudbreak […]

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Pixelverse Raises $5.5 Million to Expand Web3 Gaming Ecosystem

June 12, 2024 Bitcoin.com

Pixelverse Raises .5 Million to Expand Web3 Gaming Ecosystem

bitcoin.com

Pixelverse, a developing entertainment studio and game ecosystem, has secured $5.5 million in a private funding round led by prominent Web3 venture capital firms. The funds are intended to support the growth of Pixelverse’s gaming platform, which has seen significant user engagement since its launch. Pixelverse Secures $5.5 Million Pixelverse‘s recent funding round saw participation […]

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SocialFi Application Friend.tech Leaving Base Blockchain in Move To Develop Own Network

June 10, 2024 The Daily Hodl

Altcoins

SocialFi application protocol Friend.tech (FRIEND) says it’s leaving Coinbase’s Base chain to develop its own network. In a new thread, the team behind the social finance platform says that it will be partnering up with Conduit, a firm that provides Ethereum (ETH) rollups, to work on Friendchain, its very own blockchain that will utilize FRIEND […]

The post SocialFi Application Friend.tech Leaving Base Blockchain in Move To Develop Own Network appeared first on The Daily Hodl.

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Investment Firm Franklin Templeton: Base to Lead Ethereum L2 Sector, Powered by Socialfi

May 13, 2024 Bitcoin.com

BASE

Franklin Templeton, a global investment behemoth, has praised the development and growth of Base, the Coinbase-incubated Ethereum L2. On social media, the company declared that Base had “hit a home run” due to its popularity with meme coins and socialfi applications, including the pioneering app in the space, Friend.tech. Franklin Templeton Praises Base’s Performance, Comments […]

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Base set for ‘material share’ of SocialFi activity: Franklin Templeton

May 9, 2024 Coin Telegraph

Asset Management

Base is already home to 46% of transactions related to SocialFi on-chain, but the asset manager says it has even more room to grow.

Trillion-dollar asset manager Franklin Templeton suggests “Base Season” has arrived with the rise of Social Finance (SocialFi) apps, with Base leading other Ethereum layer 2s in the vertical.

“[It is] positioning itself well to capture a material share of SocialFi activity and remain a leader in the Ethereum L2 sector going forward,” Franklin Templeton said in a May report.

About 46% of transactions related to SocialFi are on Base, which has increasingly stripped market share away from the BNB Chain and Polygon in recent months, according to one of the charts provided by Franklin Templeton.

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Crypto degens ‘hungry’ for next big SocialFi breakthrough — K33 Research

May 9, 2024 Coin Telegraph

Coin Telegraph

Crypto users are increasingly turning attention to new SocialFi apps, but analysts say it’s probably too early to say whether “SocialFi season” has arrived.

Crypto users are clamoring to find the next big thing in the Social Finance (SocialFi) sector, according to analysts from K33 Research — who see it a growing corner of crypto despite being plagued by “perverse incentives.”

In a May 8 research report, K33 DeFi analyst David Zimmerman wrote that following a recent Firend.tech airdrop, crypto users are already looking to a new SocialFi app called Fantasy Top – built on Ethereum layer-2 network Blast — as the next potential opportunity.

Fantasy Top is a SocialFi game allowing users to buy and sell virtual trading cards of crypto-affiliated X accounts and use them to compete in tournaments. These tournaments are paying users for their activity on the platform in ETH, a reward token on Blast called GOLD, native “fan points” and additional packs of trading cards.

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Friend.tech’s FRIEND Token Airdrop Faces Steep Decline Since Market Debut

May 3, 2024 Bitcoin.com

Airdrop

Friend.tech, the decentralized social media application on the Base network, recently launched its native token through an airdrop. Since trading commenced, the token has plummeted, dropping anywhere from 50% to 90% of its initial value across various decentralized exchange (dex) platforms, as reported by several different price aggregation websites. FRIEND Starts Strong but Value Plummets […]

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