Why Are Over 200,000 Crypto Traders Choosing NFTs In Social-Fi Metaverse?

Social-Fi x NFTs

Social-Fi Metaverse is a combination of social networking and decentralized finance (DeFi) which allow the users partially own the platform. It enables the community tokens to vote on the future’s project orientation, and earn non-fungible tokens (NFTs) while incorporating DeFi services. Resulting in dynamic social life, a stable platform economy, and diversity of NFTs being traded.

Along with the huge potential itself, investing in Social-Fi and its NFTs has emerged as the biggest trend in the current tech world. Some statistics have clearly shown this trend:

• Torum (a Social-Fi platform) has accumulated more than 200,000 crypto-traders
• Social-Fi was the most mentioned area in the $500-million investment program from Binance Smart Chain
• Solana Ventures have released their $100 million funding for social Web3.0 startups
• $2.5 billion funding package for Web3.0 and crypto startups was released by Paradigm

Enhancing Social-Fi Metaverse’s experience by NFTs

Social-Fi Metaverse is not solely a platform for connecting and earning but also facilitating artwork progress when incorporating NFTs (a perfect type of digital asset that fairly generates money for the original artists even when their work is traded overtimes). Its the accrediting to the creators that make Social-Fi’s experience got leveraged due to fulfilling the intrinsic values for NFTs enthusiasts and NFTs investors.

NFTs in Social-Fi and Their Trends On Social Media

All of the tech spaces are gradually connected when Social Media platforms now have become a place for embracing NFTs and adding more value for them. Henceforward, NFTs collection’s values of one Social-Fi Metaveresed increase, the platform itself later inherits those benefits as well. So what is it like to associate Social Media and NFTs in Social-Fi Metaverse?

Avatar NFTs

Avatars have been used to reflect a user’s online identity on social media platforms. Familiarly, an NFT Avatar can reflect the owner’s identity in both the crypto world and the futuristic metaverse in SocialFi areas. Users can authenticate and use their NFT as their profile photos.

Trading NFTs on Web 2.0

To give consumers a next-generation personal finance experience, decentralized finance apps are gradually being brought to platforms like Facebook and Twitter. Users will be able to send payments, trade tokens, participate in public offers, etc, via a single social network platform.

Integration of Web 2.0 and Web 3.0 for easier creation of assets

In order to enrich the NFTs content, many DApps (Decentralized applications) have been created to bridge the gap between Web 2.0 (current social media platforms) and Web 3.0 (Social-Fi Metaverse) so that users can move seamlessly between the two platforms, generate and save their NFTs, trade digital assets, etc.

Its the shrinking gap between these technologies that make investing in NFTs in Social-Fi Metaverse easier and more convenient than ever. Therefore, it paves the way for Crypto Communities to switch to NFTs instead of other forms of investment.

NFTs in Social-Fi Metaverse — The Future!

Above all, immersing NFTs in Social-Fi Metaverse is the biggest trend for developers, tech companies, Venture Capitals, and investors. For instance, in December 2021, the Torum SocialFi platform announced that the project has received a strategic investment of the $50 million incubators and research branch of KuCoin, after the strategic investment of Huobi Ventures and 20 other major cryptos VCs. Also, the crowd sale event of Torum with a total of 363 limited edition NFTs in five categories was sold out within only 20 minutes, demonstrating significant token demand and community support for the project.

Recognizing the concrete values of NFTs in Social-Fi Metaverse, manifold Crypto Guru and Crypto Influencers are adopting the potential NFTs in Social-Fi Metaverse for their artistic and monetary values.

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