As an innovative ecosystem that combines the power of social media and blockchain decentralized finance technology, SocialFi is easy to integrate with other types of platforms like GameFi and NFTs. This allows for the potential demand for these assets to the level of ecosystem coins. Let’s see 5 Companies Using Blockchain to Change Travel

LuxWorld – The Web3 Lifestyle App

Luxworld — the promising project that is on the way to establishing the beta app — is also the innovation of this trend.

The promising project was born with a combination of Social and Finance — in the Web3 platform — to create the systems and features that help travelers experience freely.

Travelers can also earn money by reviewing their experiences and continuing to join communities worldwide. LuxWorld gives travelers a real experience in the real world itself.

SocialFi, introduced as a core element of LuxWorld, helps the project have a direct connection with users, resulting in a better experience.

That said, LuxWorld is not just the app — where people connect in the virtual community. This is the solution by which people can enjoy discovering the world while earning money and contributing to social development. LuxWorld Token (LUX) is built on Ethereum and developed as the native token of the meteverse.

Thinkin – A Web3 community-based Social-Fi platform based 

Thinkin is a Web3 community-based Social-Fi platform based on the Algorand blockchain to empower its ecosystem. Anyone can become a KOL by joining Thinkin and participating in community activities, and proving their work through the NFT they own.

Torum – Metaverse web3 crypto-centric social media platform 

Torum is a revolutionary SocialFi Metaverse ecosystem designed to connect worldwide cryptocurrency users. 

As a  Web 3.0 ecosystem, Torum is created based on a social media platform integrated with a yield farming hub for Defi players. It is also an NFT marketplace for crypto artists and Avatar NFT for Metaverse enthusiasts. Torum, a crypto-based social media platform, rewards its users with its native token, $XTM.

ComingChat –  SocialFi-based Web3 portal application

ComingChat is the mobile portal for OmniBTC, an omnichain financial platform with the following two core functions.

In the ComingChat ‘OmniSwap’ interface, users can swap native assets on two chains with one click, without using a cross-chain bridge. In the ComingChat ‘OmniLending’ interface, users can mortgage multiple assets and borrow multiple stablecoins on any chain with one click.

The meaning of SocialFi in ComingChat is Account System (CID) + Payment Tool (Omnichain Wallet) + Social (Encrypted Chat+DAO Moments). It mainly solves three problems: people, money, and connections, and it provides the basis for DeFi and GameFi.

PECland – Web3 platform for people to enjoy social games

PECland is a web3 platform for people enjoying social party games. You can taste the web3 virtual WorldCup in PECland on both PC and Mob. Imagine that share the same joy, and roam the game with own NFT roles immersive. And can hold concerts, meetings, exhibitions, weddings…

Taki – A token-powered social network

Taki is a global social network where anyone can earn social crypto-tokens simply by participating within the community.  Users can earn $TAKI, the basic social crypto token on the Taki App, by engaging and creating content – such as writing posts or commenting.  $TAKI can then be used to buy User Coins which represent the value and influence creators bring to Taki.  Use $TAKI and User Coins to reward others, grow your audience and share in the ownership of Taki.

GARI –  Powering The Web3 Social Network

Gari network is a project to the application of media information on Blockchain, Gari’s core product is the Chingari app with the aim of making dreams come true for young creative talents around the globe.

This Chingari application will assist users in creating a short video (short video), social audio (audio), social commerce, social Ed-Tech, and other entertainment activities in Blockchain.

SaTT – dApp allows anyone to earn crypto with social media

The SaTT is a blockchain technology revolution in the online advertising market, and the solution is using decentralized technologies and smart contracts to battle online marketing issues.

SaTT intends to lead the SocialFi revolution by disrupting the Web2 advertising model. With a simple and user-friendly solution, SaTT aims to eliminate intermediaries by enabling a direct relationship between brands, communities, and every social media user.

Verdict

The concept of SocialFi is still at an early stage, it has the potential to significantly affect the use of blockchain technology in general, as well as the relation of ordinary users towards social networks and interaction within them. Already, it presents a massive opportunity and has already spawned a lot of infra companies.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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