The SocialFi narrative came to the space as a Hype cycle.
It is toxic and much like DeFi and NFTs, it caters to degens because the crypto companies and web3 businesses that spearheaded it had no idea about sustainability and long term tokenomic models.
The target audience of the current SocialFi iterations is quick-buck searchers, moonboys and speculators.
Why?
Because the model adopted by FriendTech, StarsArena, Post.Tech and so on, is perfect for this audience.
The focus is making money.
This would be fine if the projects had good foundations, sustainable tokenomics, a long term plan etc. They don't. These projects are not sustainable and will die within one or two years at best - that is if they survive the first six months, which is highly doubt given they are built on hype and shiny new thing marketing.
InLeo is not socialFi
We are close, we're 4th gen cousins.
But we are our own narrative. We have 25 more features and use cases, we have a loyal community, we are part of a non-degen blockchain, our base layer is truly decentralized and so, so much more.
As a team, inLeo will continue to push in web2 around the socialFi narrative, but making it clear that we are not socialFi, we are very different and much bigger.
Today, we are tackling yet another Space about SocialFi
It starts in 15 minutes, join us!
Even if you can't listen to it, set a reminder and then tune in even if you lower the volume to zero.
Having a bigger audience pushes the space to more people, allowing 