Nowadays, the social networks has become a part of our everyday life, not only as a tools for communication and making new friends, but also for running a business. By opening a profile on any social network, you have agreed to share your private information with the world. Most users give their data to the platform for free, and thus to advertisers.
Advertisers pay platforms to reach you, “bombard” you with daily ads, and most of that “cake” belongs to the platform.
With the growth of social networks to monetize their data has become increasingly difficult, and more and more users become just “silent” observers and food to their platforms.
Metus wants to solve this problem and give everyone a fair start and a wind in their backs, because every start is difficult and not everyone has the same conditions to start digital business.
Metus will give you the opportunity to finance your personal “digital” growth without investing a large sum of money, moreover, many will be able to finance themselves completely free of charge.
Here we come to the part where we want to explain why Metus, as well as what is the purpose and application of this project?
Repeat use is the backbone of habit. If something’s easy and convenient, it’s far more likely to attract repeat, loyal users. However, easy and convenient aren’t two words that currently define SocialFi.
Most applications assume an understanding of crypto wallets or blockchain addresses and operate accordingly. To go mainstream, the user experience must accommodate the masses.
This is why Metus was created, as a bridge that will help in this digital transformation.
SocialFi is often considered the missing piece of the web3 puzzle. Why? Because the powerful, next-generation internet enables everything from versatile gaming to smart contracts. But it still doesn’t have a native decentralized social media platform.
Only time will tell if existing social networking channels will embrace more decentralized applications, but the future looks promising with many looking into a Web3 world. SocialFi applications throughout the digital world can strengthen social networking and help build a fair way for creators to earn profitable income.
The web3 phenomenon leverages the benefits of blockchain adding NFTs and DeFi where the new social networks will take the existing social models and give them superpowers.
Undoubtedly, Web3 Development and SocialFi is here to stay and make the world a finer place by ensuring that online users should get reimbursed for allowing notifications, announcements, etc. The content creators; generators should get a fair quantum of profit, and wisdom should spread willingly regardless of the need for big technology.
Like the rise of DeFi during the summer of 2020, we may witness a smash for SocialFi and Web3-backed social media in 2023. The relinquishment rate might have revved due to a recent surge of creative networks.
However, there are also many challenges in the development of SocialFi, such as how to set reasonable economic incentives for content.
A common problem with the existing “decentralized” social media on the market is the monopoly of influence from large accounts that find attention easy to gain on the platform, while many new users with less influence are less likely to gain significant exposure.
The future of social media has therefore forever been changed with SocialFi providing users with more control and opportunities to gain profit while securing their privacy and personal asset ownership. With so many benefits of SocialFi, it looks like it is here to stay and create a better way of networking for the world.
We are at the very beginning. Join us!