Why Social Fi On The Internet Computer Will Change The Game

How many times a day do we use social apps? We spend more than 10+ hours interacting with others on social media per day, but do we get something in return? Most of us are not influencers and even if we wanted to gain some extra income there are certain rules to follow.

How we spend every minute on the internet:

Netflix users stream 404,444 hours of video

Instagram users post 347,222 stories

YouTube users upload 500 hours of video

Consumers spend $1,000,000 online

LinkedIn users apply for 69,444 jobs

TikTok is installed 2,704 times

Venmo users send $239,196 worth of payments

Spotify adds 28 tracks to its music library

Amazon ships 6,659 packages

WhatsApp users send 41,666,667 messages

1,388,889 people make video and voice calls

Web3 opens up opportunities for everyone to become a creator. All content is stored on the blockchain and that helps us to protect our data, privacy and helps ensure that no one can steal our credit card info for example, because we can use a digital wallet instead. SocialFi on the Internet Computer is a growing segment and there is quite a decent amount of DApps already available. Since it’s new, everyone has the opportunity to gain followers and connect with them in unique ways. Users can tip each other and most importantly, your information can’t be stolen.

The Internet Computer is the world’s fastest general-purpose blockchain to build the future of Web3 on. I chose the Internet Computer as my social hub. Why?

Here are some reasons:

Real Web3 at Web Speed

Less CO2

Internet Scale

Reverse Gas Fees

Actor model

Community

There are many SocialFi DApps deployed on the Internet Computer. Let’s take a look at the SocialFi ecosystem:

Open Chat Decentralized messaging platform that replaces Telegram. You can build and engage your community in a sophisticated, modern way and it’s 100% on-chain.

DSCVR: Reddit is no longer needed. Users can post without owning any crypto or even having a wallet.

Distrikt: Distrikt is a social media platform that concentrates on user-centrict content, is user-governed, and offers sovereignty. You can download the distrikt mobile app and enjoy a more intuitive experience.

Gobazzinga: Have you used TikTok? There’s no need anymore, monetize your content with Gobazzinga – 100% on chain.

ICScan: ICScan provides the most comprehensive and useful data explorer in the IC ecosystem.

ICMaps: With ICMaps you can create your own map servers and thus integrate map layers into Web3 Dapps, Web2 applications and even desktop GIS.

Dmail: Forget about Gmail, start using Dmail. It offers messaging, asset management, data storage, workspaces and more.

Dsocial: Have you been shadow banned or censored on YouTube? Dsocial is a new Youtube alternative and it makes a creators life so much easier. Plus it’s 100 % on-chain.

Portal: An end-to-end audio and video streaming pipeline built for the future, running on the blockchain. Stream directly from blockchain… bye bye Twitch.

Modclub: If you are building your project and don’t have time to moderate your content, you can knock on the door of Modclub. They are professionals at doing this. Be your own boss and moderate content globally.

IcpSquad: Just awesome NFT creators, which are a must have in the ICP ecosystem.

CrowdfundNFT: Using smart contract technology to build a safer and global crowdfunding service on the blockchain.

Metamob: Metamob is a decentralized web3 app, running on the Internet Computer, that lets any user start mobilizations by creating campaigns of four different kinds: donations, votes, signatures and fundraising. Using metamob users can create campaigns to face real world problems like climate change, wars, oppression, inequality, or even to fix specific personal issues at a school or grocery store for example.

Footprint: Internet Computer footprint uses verified carbon credits to offset IC projects on-chain.

Users can expect more freedom and other benefits from decentralized social networks. You can use these DApps to connect with your audience and create content without worrying about censorship. Additionally, since your data is on the blockchain, it is protected and your accounts cannot be deleted, censored or banned on a whim like they often are on other platforms.