Hello HODLers!

Did you read the article from Binance about SocialFi and NFTs? If not, don't worry, I'll summarize it for you!

In the article "Why Are Social Media Platforms Expanding Into SocialFi And NFTs?" (source link: https://www.binance.com/en/blog/nft/why-are-social-media-platforms-expanding-into-socialfi-and-nfts-421499824684903417) Binance explains what SocialFi is and why major social media platforms are adopting SocialFi by venturing into the world of NFTs.

Web 3.0 and SocialFi
The current model of social media landscape as we know it is inherently extractive. Most major platforms take their users’ data and sell it to serve them increasingly intrusive advertising. However, with the building of Web 3.0 and the metaverse, we collectively witnessed the explosive growth of DeFi and NFTs making headlines internationally. We also saw well-established cryptocurrencies such as Bitcoin and Ethereum, and even a select few altcoins rise to new highs. With that said, what more will the future of DeFi hold? This is where SocialFi comes in

What is SocialFi
As SocialFi projects are gaining more attention, social media giants like Meta, Twitter and Reddit are expanding their exploration of the space through NFT integrations into their platform, it's time have a deeper knowledge about SocialFi!
Let's start with the SocialFi definition:

SocialFi, short for social finance, refers to the combination of social networking and blockchain finance. The SocialFi space lets users earn income from content creation, participation in DAO governance, NFT minting, communicating with other users, watching entertainment and gaming. Unlike the Web 2.0 social networks that we’re familiar with, SocialFi projects provide higher levels of privacy and security for users' personal data, fairly distribute advertising revenues and offer a more valuable user experience.

Social Media Companies Entering The SocialFi Space By Embracing NFTs
As the SocialFi space gains more momentum, more and more social media giants are expanding the exploration of NFT integration into their platform. Below we’ve listed the companies actively integrating or exploring the NFT space.
Facebook/Meta
Instagram
Twitter
Reddit
YouTube

Conclusion

The SocialFi ecosystem can solve copyright problems and allow content creators and users to earn through social interaction while protecting their personal interest in the virtual space. And, judging by its promising growth in the Web 3.0 era, it won't be surprising to see SocialFi take off in the near future. 

To learn more, I share with my followers the full article: https://www.binance.com/en/blog/nft/why-are-social-media-platforms-expanding-into-socialfi-and-nfts-421499824684903417

And last but not least, I share with you an introduction to my favourite #SocialFi Metaverse: Torum!

Introduction to Torum – SocialFi Metaverse Pioneer of the Crypto Space

Torum is the world’s largest SocialFi ecosystem (Social Network + NFT + DeFi + Metaverse) that is specially designed to connect cryptocurrency users.
The Web3.0 ecosystem is built on a social network that allows its users to monetize social engagement by claiming missions, a smartphone app that will be released during Q1 2022, a DeFi yield farming platform where the active users on social media will be able to enjoy a boost to farming rewards, an NFT Marketplace for artists, and an amazing Avatar NFT Metaverse is under development.
XTM is the multichain (Ethereum + Binance Smart Chain + HECO Chain) utility token of Torum ecosystem and it's now listed on Kucoin, Huobi, Uniswap and Pancakeswap.
Read Torum Whitepaper to discover XTM token utilities and the potential of the ecosystem (Crypto-social platform + DeFi platform + NFT marketplace + Metaverse + Airdrop section + Smartphone App + News & Data aggregator): https://whitepaper.s3.us-east-2.amazonaws.com/torum-whitepaper-V4.0-EN.pdf
✅#SocialFi Metaverse Pioneer
✅Backed by Huobi & Kucoin
✅Big community of 200,000 users
✅Get rewarded daily in XTM for your social engagement
✅Sign up with my referral link, complete identity verification and you will earn 7,5 XTM airdrop: https://www.torum.com/?referral_code=makeitreal

Here's another opportunity to earn free crypto for my followers: Intro to Lunar Crush and How to Earn

LunarCrush is a social intelligence platform for cryptocurrency investors, a new blockchain start-up launched a few months ago and I'm earning the token completely free of charge, without any investment, just some minutes of my daily free time.
Using social intelligence, Lunar Crush allows users to analyze social information and to track social insights regarding the crypto market in order to be able to intercept high-potential crypto.
Lunar Crush allows users to earn LUNR tokens daily in different ways, like for example by answering short questions within its sections, as you can see from the screenshot below:

Answering the questions on the platform you will earn points and everyday at 00.00 UTC Lunar Crush automatically converts your daily points into LUNR.
I share with you my referral link so you can start earning on Lunar Crush now! If this article was useful and you want others in the future, please use my link to sign up on Lunar Crush: https://lnr.app/s/MxvZkq

Thanks,
Keep Calm & HODL,
MakeItReal.