SocialFi is a fresh concept, representing the amalgamation of social media and decentralized finance. Within the SocialFi community, BitForum stands out as another exemplary example of this development.
BitForum provides a space where users can freely share, discuss, and interact about blockchain and cryptocurrency without the interference of third parties. The goal of BitForum is to cultivate a robust community and offer valuable information, providing users with a reliable interactive environment free from traditional intermediary structures.
In 2023, SocialFi projects like Friend.tech and Farcaster garnered significant attention from the community. For instance, Friend.tech achieved a revenue of $20 million in October and reached a high TVL (Total Value Locked) of 300,000 ETH.
Another project, Farcaster, received support from Vitalik Buterin, who actively engaged on the Warpcast platform more than conventional social media platforms like Twitter. However, like other SocialFi projects, BitForum also faces the challenge of attracting users and expanding its reach within the broader community.
https://bitforum.net – Crypto forum discussions about all aspects of cryptocurrency bitforum socialfi #InnovationSocialNetwork
