Why DeFi, GameFi and SocialFi are horizontals in the Metaverse
Read this article to know why DeFi, GameFi and SocialFi are not just verticals but also horizontals in a metaverse. All for one and one for allWe need GameFi, DeFi and SocialFi to create a holistic Metaverse experience. Even with metaverses focusing on one purpose, these elements are essential to ensuring viability and scale.In essence, a metaverse can scale only if DeFi, GameFi and SocialFi can work together seamlessly. DeFi, in essence, would take care of the financial elements, GameFi the experiential elements and SocialFi the credibility elements for the economic actors.Without the....
Related News
PRESS RELEASE. The latest strategic investment in emerging SocialFi startup Torum from KuCoin Labs will empower the development of a SocialFi Metaverse powered by VR and Web3.0 technologies. 4th November 2021, Kuala Lumpur, Malaysia — Following the strategic investment of Huobi Ventures and 20 other prominent crypto VCs, Torum SocialFi platform is excited to announce that the project has secured a strategic investment from KuCoin Labs, the $50M incubator and research arm of KuCoin. The Torum KuCoin Ecosystem Torum is a SocialFi Metaverse ecosystem that is specially designed to....
PRESS RELEASE. Torum is set to launch a pioneering social metaverse and socially integrated Avatar NFTs through a unique SocialFi platform.
29th September 2021, Kuala Lumpur, Malaysia — Torum SocialFi platform has announced that it will be launching a ‘Social Metaverse’ and the world’s first-ever social-integrated Avatar NFT, following a strategic investment from Huobi Ventures back in August 2021.
Torum SocialFi Platform
The conceptualization and creation of metaverses has been on the rise since the explosion of the NFT....
Gaming has been one of the fastest expanding entertainment sectors, surpassing Hollywood. The $200 billion industry has reigned supreme for decades, unifying more than 40% of the world’s population. However, the emerging GameFi sector is bringing a massive transformation to the gaming business. GameFi leverages blockchain technology and has recently altered the course of gaming’s history. This online gaming paradigm takes on new meaning while also offering gamers an interactive gaming experience. Furthermore, with the emergence of NFTs and the metaverse, it is evolving into something....
DeFi continues to shake up the crypto world. GameFi is revolutionizing traditional gaming. But what about SocialFi? A combination of social media and decentralized finance (DeFi), SocialFi is the latest Web 3.0 innovation. Short for ‘social finance,’ the approach empowers content creators, influencers, and digital users who want more control over data. Social media platforms have grown to be one of the largest players in the Web 2.0 world. Research shows about 59% of the globe’s population uses social media. Unsurprisingly, data reveals digital activity rose dramatically amid COVID-19....
Gensokishi Online has announced the opening of its closed alpha. The project which incorporates the elements of NFT and GameFi on a metaverse space plans to build a new fantasy world economy using blockchain technology and it is calling on the metaverse community to help it test out its latest game. In the closed alpha,NPCs, […]