The Web3 social sector is expected to become the next bull run engine.
Every bull run has different triggering factors, and each bull run has gone through a long accumulation of bear markets. From crazy memes to the summer of DeFi, with the development of Web3 technology and infrastructure, the social sector has also ushered in new opportunities.
Will Web3 social be the engine of the next bull run?
As an application area that requires developers to fully unleash their creativity, social, identity, NFT, DAO, fan economy, and more can all be classified under the Web3 social category. The social sector is still in its early stages, but with the launch of Cyber tokens, the renaming of Twitter, and the introduction of creator incentive programs, the heat in the social track is gradually rising.
The social application Friend.Tech on the L2 public chain BASE quickly became popular after its launch on August 10, attracting over 120,000 registered users in less than 20 days.