Home » SocialFi’s subsequent large hit? Friendzone set to launch on Polygon

SocialFi’s subsequent large hit? Friendzone set to launch on Polygon

by CoinVeem

Friendzone, a brand new social networking software, will launch on the Polygon community on February 26. 

The applying is anticipated to introduce a novel method to constructing on-line communities via adaptive pricing and reward distribution. 

Friendzone will first launch on Polygon’s Proof of Stake (PoS) sidechain, with plans to additional increase into the Polygon zkEVM layer, in accordance with CoinDesk.

Friendzone follows the launch of Buddy.Tech final summer time, when its short-lived meteoric rise introduced public consideration to the social finance (SocialFi) house. 

SocialFi is a mix of social media and decentralized finance (DeFi) that permits customers to monetize interactions and content material creation inside a decentralized framework, often powered by blockchain expertise. 

In response to cryptocurrency information aggregator CoinGecko, SocialFi tokens have a mixed market capitalization of US$3.39 billion. Theta Community’s THETA token at present leads SocialFi tokens in market cap with US$965.8 million and is priced at US$0.97.

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