Make Better Cryptocurrency Ecosystem, #MASSIVE.

12 Apr 2022, 07:27

🎙Make Better Cryptocurrency Ecosystem, #MASSIVE Web3 is already mainstream in cryptocurrency market, also Social-Fi is a rising star in market. 🔮What is Social-Fi ?🔮 Social-Fi is a compound word of social and finance, and it is a platform where creators' digital contents (videos, images, etc.) can be NFTized and purchased with social tokens issued by creators. It is the same as existing YouTube or TikTok in that anyone can create their own channel and provide content to the public. The difference exists in that the content provided by the creator can be NFTized and sold or presented to fans as 'digital goods'. 🚥 Direction of Social-Fi🚥 Numerous contents are produced and consumed rapidly on social media platforms such as YouTube and TikTok. However, there is a problem with copyright due to indiscriminate use contrary to the creator's intention, and there s a disadvantage that the creator's content is simply consumed and cannot create additional value. Social-Fi emerged from the perspective of solving this problem. (1) Creator copyright protection and royalty payment It allows creators to permanently preserve the original copyright of content through NFT, and pay royalties for each transaction between users. This is a role that can improve content quality for content creators. (2) Creation of added value NFTized content in the Social-Fi platform is not simply consumed, but is held in the fans' wallets or traded through the NFT marketplace, and furthermore, in conjunction with DeFi, Social Token Build an ecosystem to create additional value, such as generating economic benefits by receiving. (3) Ecosystem creation Through a Community DAO (Decentralized Autonomous Organization Community), creators and fans decide the direction of the community through token voting. #MASSIVE #WEB3 #SOCIALFI