K33: Encrypture users are eager to find the next big event of SocialFi

Author: Tom Mitchelhill, Cointelegraph; Compilation: Deng Tong, Bit Chain Vision Realm

K33 Research analysts said that cryptocurrency users urgently hoped to find the next major event in the SocialFi field. Although they were plagued by “unfair incentives”, they believed that the SocialFi field was growing.

In a research report on May 8th, K33 Defi analyst David Zimmerman wrote,After recent Firend.tech airdrops, cryptocurrency users have begun to regard a new SocialFi application called Fantasy Top (based on Ethereum Layer 2 network BLAST) as the next potential opportunity.

Fantasy Top is a SocialFi game that allows users to buy and sell virtual trading cards for cryptocurrency X accounts and use them to participate in the championship.These championships are rewarded token, native “fan points”, and additional trading card bags on the ETH and Blast.

As of the release of this article, a set of starting trading cards on Fantasy will spend about 0.39 ETH -calculate $ 1,200 at the current price.

Getting -up bags for replacement cards are priced at $ 1193.Source: fantasy top

Zimmerman pointed out that although the SocialFi event may be beneficial to some people, and Fantasy Top may even produce a novel product that is “fun to use”, but the SocialFi industry is still prone to “incentives” due to “improper incentives”.And the fundamental problem.

“It is often filled with the content of grabbing money in the narrative, and SocialFi is no exception.”

“Influential people will be directly motivated to sell on the platform, because in addition to 10% of the sale of card bags, the” hero ‘can also get a card transaction volume of 1.5%. In addition, they will also get Blast GoldAnd “fan points”, Zimmerman added.

Although the new Layer 2 network has been launched many times on Ethereum, as users actively participate in the BLAST airdrop plan, Blast still “successfully maintains correlation.”

He added that although the price of Ethereum (ETH) fell 17%in April, the TVL of the platform was still high.

Despite the decline in ETH, BLAST TVL remains stable.Source: K33 Studies

Friend.tech’s long -awaited airdrop was launched on May 3, but was quickly criticized by users. They pointed out some technical difficulties, which caused them to be unable to access when airdropping and then sold their tokens.

When several large accounts on Friend.tech can even try to sell a large number of Friend token before many users can access the Friend token, this anger is further magnified.When the decline is about 90%.The price was 28 US dollars to $ 1.93.

Source: Luke Martin

Zimmerman added that, in addition to Friend.tech and Fantasy Top, an unknown streaming media and game platform Sanko Gamecorp (the game platform named SANKO DREAM MACHINE and Twitch’s streaming services similar to Sankotv) are also there are also).The field of cryptocurrency is booming.

“Sanko Gamecorp is about to launch its own L3. If we continue to see strong opposition to venture capitalists and insiders, as we do to Eigenlayer, this may become (antiThe playground, “he said.

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