Research Summary
The report explores the value proposition of SocialFi and FT Forks, focusing on the dynamics of different platforms such as Friend Tech, Post Tech, Fan Tech, and others. It delves into the strategies employed by users to increase their value, the unique features of each platform, and the potential future of these platforms in the DeFi space.
Key Takeaways
Understanding SocialFi and FT Forks
- Value of online personas: The report discusses the varying worth of online personas across different platforms, highlighting the disparity in value across platforms like Friend Tech, Post Tech, and Fan Tech.
- Exploring SocialFi: The report delves into the world of SocialFi, a new frontier in social media where users pay for interactions, despite the presence of bugs and other issues in the apps.
- Role of ZKX: The report introduces ZKX, a DeFi hub that aims to simplify the onboarding process to new ecosystems in DeFi, addressing one of the biggest challenges in the field.
Strategies and Dynamics
- Strategies for increasing value: The report discusses various strategies employed by users to increase their value on these platforms, such as buying keys of valuable accounts, offering free access to blockchain services, and running lotteries.
- Understanding motivations: The report emphasizes the importance of understanding one’s motivations for using these apps, whether it’s the feeling of exclusivity, chasing airdrops, or speculating on the rise in key prices.
- Value proposition development: The report highlights the ongoing development of value propositions for key holders, with the author sharing unfiltered, speculative opportunities in real-time to a smaller group of friends.
FT Forks
- Overview of FT forks: The report provides an overview of various FT forks, including Post Tech, Alpha, Fan Tech, StarShares, and Friendzy, discussing their unique features and potential value propositions.
- Survival of FT forks: The report suggests that while many FT forks will fade away, a few that manage to find their distinctive value proposition will survive.
- Value of SocialFi and FT forks: The report emphasizes the importance of social interaction and community building for the success of SocialFi forks, rather than focusing solely on trading fees or bonding curves.
Actionable Insights
- Exploring different platforms: Given the varying features and value propositions of different platforms, it may be beneficial to explore and understand the dynamics of each platform.
- Understanding motivations: It’s crucial to understand one’s motivations for using these platforms to ensure they align with personal or business goals.
- Monitoring the evolution of SocialFi: As SocialFi is still in its early stages, it’s important to keep an eye on its evolution and the emergence of new platforms and forks.
