1. When will this round of friendtech craze end?

Let's talk aboutweb3 Social's future development views:

Obviously, the popularity is gradually fading.The growth is slow, and the TVL remains at 40+M. Some big Vs have started to sell their keys, and quarrels have occurred one after another;

Market sentiment gradually returned to calm.The previous emotions were in an over-FOMO state: Indeed, facing the rising TVL, KOL's shouting orders, overwhelming discussions on Twitter, and the growing portfolio value, it is hard not to have adrenaline rushing and blood boiling;

But now, after a few days of retreat, I believe many people have calmed down. @machibigbrotherThe entry of has not brought any growth to TVL;

If this continues, FriendTech will inevitably continue to decline, because its own mode of play is not complicated, and Key's empowerment has also determined the commonly used modes after exploration.Without sustained growth, most retail investors will find it difficult to continue to make profits and may leave the market early to avoid being cut;

So back to the question, when will this wave of popularity end? I think it depends on the official adjustments. The project's subsequent function updates, gameplay adjustments, and economic models will have a crucial impact on the long-term development of FriendTech;

After all, the current functions of FT are too simple and it is not a very good knowledge-based paid product; it is impossible for the landlord to have endless work to do; most importantly, the hundreds of eth recharged by the big guys are not purely for consumption, and there will be a day when liquidity will be withdrawn.soTokenThe design of the economic model is the key to the project's ability to stabilize its TVL and avoid a series of stampedes in the future.

二、那么friendtech是革命性的web3社交项目吗？

FriendTech is of course an excellent social project.Xiaobai Navigation, social andcryptoThe combination of popularity and discussion, super high TVL and profitability, there is no doubt that FT is of great significance to the SocialFi track;

However, FT still has many shortcomings, or in other words, there is still huge room for improvement:

❶ The first is of course the high transaction taxes and robots that many people complain about. This has resulted in the project owners and scientists making the vast majority of the profits, except for the top homeowners. This is also the reason why most retail investors are unwilling to play in depth.

❷ Lack of functions. I won’t complain about the UI here, but its current social activities are limited to text and picture exchanges in the Room, which is too limited. The homeowners operate their own keys and come up with various innovative empowerments, but they all need to rely on other platforms or tools to achieve them. The Room does not even have basic lottery and voting functions.

❸ In SocialFi, the cost of Fi is too high. Ponzi will eventually collapse. If the product cannot retain people, then after the economic model collapses, people will definitely leave.

Of course, this project has only been running for three months, and how it will develop in the future will depend on the team’s actions.

3. What do you think of FT imitations and other social projects?

The most popular imitation disk recently should be Stars ArenaandCipherRip,I think one thing they did very correctly was to add new features like tweeting and rewarding. This made web3 social activities a little more diverse. But it is hard to pose a big threat to FT.

Previously, the social leaders we often talked about were social graph-type ones.CyberConnectand the underlying protocol classLens ProtocolBut now the market seems to prefer tools + interesting gameplay

My ideal web3 social super app should have:

– Public domain traffic sections similar to Twitter and Weibo

– Private group, public group, holding group, and paid group sections

– Voice and video live streaming section

– Open source platform and API interface, which can be connected to other Dapps, allowing free developers to develop related mini-programs

at present DeBoxIt’s quite consistent, but the gameplay of Fi can be more innovative.

4. Finally, I would like to share my three personal views on Web3 Social

❶ SocialFi and GameFi can both be considered P2E, but their biggest differences are:If you play Gamefi, you can only get in-game rewards (NFT and tokens). As the price of the currency drops and the number of new users decreases, it is easy to enter a death spiral. However, if you play SocialFi, in addition to token rewards, you can also gain traffic and influence, which gives you the ability to monetize on other platforms and channels. So even if you are playing a social project that is not very profitable,make money, you are also motivated to continue playing. So SocialFi will be more durable than Gamefi and have a higher ceiling.

❷ Social projects must focus on products and meet the needs of web3 users(Raffles, red envelopes, voting, governance, treasury, etc.), this is a process that requires long-term polishing. Only good products can gain long-term deep users.

❸ Don’t think about replacing Twitter or becoming a Twitter killer.In this way, you will only lose a channel to attract web2 users. Embrace Twitter, use open source platforms and API interfaces to attract traffic, and generate more gameplay.

The article comes from the Internet:The FT craze has temporarily slowed down, what is the future of Web3 social networking?

Related recommendation: At 22 years old, I reviewed my journey to earn $10 million in the crypto market

Water does not compete for the first place, but for the continuous flow. Written by: Vida Translated by: TechFlow A 22-year-old KOL Vida posted a long tweet on Twitter, detailing his story of making $10 million in the crypto market. Success in wealth is no accident. Persistence, intelligence, execution and keeping up with hot topics, we can learn from Vida's wealth accumulation process...