Solcial — the social network of the future.
Solcial is a new approach to the interaction of decentralized finance (DeFi) and social networks, based on the blockchain. Now you can earn with your activity and achievements in the crypto world.
The work of the social network allows the user to convert their activity and value into their earnings.
In the fall of 2021, Instagram and WhatsApp went offline. The work of sellers, suppliers, producers of news was stopped. All aspects of life are now connected to the Internet, and even a temporary shutdown of any network greatly affects all activities.
This showed the weaknesses of the Web 2.0 Internet. There was a need to create a completely different approach that would change the concept of social media and online content.
The main goals of SocialFi are to enable users to become direct beneficiaries, monetize their contributions and receive rewards in the form of tokens.
Social media Web2 is focused on the accumulation of user data. Companies that own popular social networks control user data and control the market.
They use the data to generate advertising revenue. Internet users themselves do not benefit from their activity.
But users, by publishing their opinion in posts or comments, create unique content that has its own value.
Due to the centralization of the Internet, the rights of social network users over their own data and content are limited, as a result, the value of unique content belongs to the owners of large platforms. The profits of Google, YouTube, Facebook, etc. are growing, but the well-being of users is not.
How Solcial works allows you to manage UGC. Users can monetize their reposts, likes and comments without intermediaries in the face of advertisers.
This user interaction scheme makes it possible to directly receive support from the audience and income from communication with other users and content creation.
The main differences between Solcial and Web2 social networks are decentralization and collective management. In this way, privacy violations, censorship and control over data, as well as unfair distribution of income will be avoided.
Solcial will be owned by the community, not by a centralized organization. Users themselves will regulate the operation of the platform, rules and receive the bulk of the income.
Projects like Solcial have not yet become massive, but their potential is of great interest. Firstly, due to the expansion of the possibilities of blockchain technology and the increase in the volume of cryptocurrency trading. And also because of the change in the attitude of users to social networks and interaction within them. Such projects attract attention with high potential income.
Thanks to the blockchain, it is possible to unite the social sphere and the cryptocurrency industry and create a social product of a new format with extended rights and opportunities for users.
Social is an example of such a product. Social offers real ways to make money on the social network by interacting with other users while ensuring the personal interests of users.
The investment potential of Social is encouraging. The interest of such giants as Solana Capital, Kucoin, DWeb3, Newave in blockchain technology and the Social project confirm its high potential. The influx of venture capital investments is the best advertising for attracting the attention of users to social networks of the Web3 generation.
Solcial predict the role of the most important component of the decentralized ecosystem of the metaverse of the Web3 era. We hope these predictions come true.
