The SocialFi sector is poised for significant growth, with projections indicating the market will exceed $10 billion by 2033. This transformation is driven by platforms like Base, Own.App, and Kaito, which are reshaping social media into a crypto-centric economy where creators can own and monetize their content.
Base is pioneering the conversion of social media posts into tradable assets, boasting 1.2 million pending posts and over $500,000 in creator earnings. Own.App offers a decentralized platform similar to TikTok, enabling users to maintain ownership and earn through tokens. Meanwhile, Kaito leverages AI to reward users for data sharing, with over 1 million participants benefiting from its Yap system. At the Token 2049 event, industry leaders highlighted a blockchain-invisible model aimed at empowering creators and redistributing 95% of value to them.
SocialFi Market Projected to Surpass $10 Billion by 2033
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