I still remember when social media first felt like magic, a place where creativity could travel the world in seconds. But as my audience grew, I also realized something else: the platforms owned the data, the content, and the rewards. That imbalance is what SocialFi is changing. And Growing. Per Micro Marketing Insights, the global SocialFi market is projected to exceed $10 billion by 2033.
The industry is witnessing a major redistribution of influence. At the centre of this change is the BRICS+ Fashion Summit, a major international event that brings together leading voices from 65 countries to focus on decentralization and the rise of regional markets. Moscow hosts the Summit once again from August 28 to 30, offering a crucial platform to address the pressing challenges and opportunities facing fashion business.
"We designed Status Network so developers can ship games, seamless social experiences, and DeFi protocols without forcing users to preload gas or builders to manage paymaster contracts."
Today's internet infrastructure runs on fiber-optic cables, data centres, and cloud services operated by giants like Google, Amazon, Microsoft, and Meta. These systems deliver fast connectivity and seamless experiences, but they also centralize control in just a few hands.
Threads now provides its users with the opportunity to connect with the wider open social web, enabling interaction with posts from federated platforms like Mastodon.
Sia’s Supreme Privacy framework aims to revolutionize cloud data access by ensuring that user data is encrypted, sharded, and stored exclusively for personal use.
They represent a change in how we approach decentralisation and convert real-world physical networks into new investment opportunities in industries such as energy, real estate, communications, etc.