Strategy is key in developing a good business platform. The introduction of socialfi is a stepping stone to advance the way users interact with social media platforms. The idea of centralizing users' activities has always been a debatable topic that sprouts inconvenience. Since the recent inception of socialfi there has been a shift in user engagement. Although there is a challenge of unawareness in the socialfi system or should say web 2.0 users sticking to the old ways it is much of a question of how long.
Inasmuch as web2 has also played its part as it has helped to maintain the social media system thus far. One thing is very certain, technology just keeps advancing and we have to cope with that. We have seen a lot of tech being outdated in the process as new ones replace them. The question here should not even be will socialfi scale? Because yes it will and if you want to know why; it's this simple, it merges social network with finance in a decentralized system. I mean it, the best place to offer socialfi is the web 3.0 for a fair allocation of revenue.
We have seen its rapid growth even under some resistance which will have to bow out soon. decentralization is a business online users ought to leverage to make the best of their online presence. There were times I used to have that mentally that money is scarce until I started digging into the world of finance. I must tell you there is enough money and resources for everyone, do you know the tons of trillions that are transacted everyday?
These transactions just keep passing above your head without you even noticing it. Socialfi through decentralization is an eye opener, a commensal arrangement introduced into the web. It's not bad for platforms to make their money, come on, this is business and owners ought to make profit through it. The issue with the web2 system is that it rewards less for more. In the current social network system, every individual who even has hopes of being paid walks for the system whereas the introduction of socialfi by web3 is to make every user work with the system. I see a lot of people burn both data and time on social media that doesn't add a cent to their account. I must say, I used to be one of those, glad I went out early.
Decentralization advantage of socialfi
I don't know how data privacy and security really matters to you. In this modern day it should in a lot of ways. One of the reasons being that we are living in the age of information and data is what centers information. Do you know what it means to give out all that concerns you for a centralized body to keep? I mean sometimes it looks as if we are valueless. What do they do with this data? How trustworthy is the centralized system? Should you really trust what you cannot control?
We have seen how our privacy has been breached many times due to where we signed up for a service or product. There have always been rumors of user's bio data being passed or should I say sold to third parties. A lot of bodies can go extra miles to make unethical profits and in this case platform sensitivity should be highly prioritized. Control plays a key role in our online presence, it paves way for what you tolerate and approve.
Just for instance, you just paid for a hotel room to accommodate. We all know you definitely do not have control over that house, you only stay and you leave, you do not add or subtract from that room. If you try to, you may be kicked out. Compare the scenario with your private house, of course here no one monitors you. You could decide to add or subtract from it without any questioning. The latter is how socialfi through decentralization operates.
Reward advantage
Ever wondered how it would look like if Facebook actually with that number of users was a decentralized socialfi network. Every user's engagement would put a token into their accounts making every stay on the platform worth it. A lot are on this social media because that's where they meet with their family and loved ones and nothing else.
The web3 system has more to offer, getting rewards and still being connected with people that matter to you is an opportunity to enjoy every online click and view. Very difficult to become a paid user of the web2 system whereas the reverse is the case in the web3 socialfi network.
Take for instance the hive platform that rewards users for engagement and good contents. We should not neglect the fact that money matters and as the day breaks, every individual is looking for ways to add some bucks into his collection. So the question still remains, do we need to force users into the web3 network? Personally I would say no. We need to continue doing the good works of decentralization and rewards with professional ways of advertising this platform without forcing anyone to join.
If one is not compelled to be part of a system, then he won't make the most out of it. The certainty of socialfi scaling is very high and recruiting is not basically about 'anything goes'. Let those that want to be here come, decentralization has already proven to be a good business so why beg people to stay.
To conclude, let me add, we can't ignore the fact that the next level of online presence has surfaced. Socialfi indeed is worth every user experience who knows what it means to have control and also earn rewards. This business model has the potential to disrupt the old system yet I must say it will be a gradual process. As users continually gain the needed exposure to decentralization through blockchain tech, I see a fair online market for everyone involved to profit.
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