SoFi: When DeFi Meets Social Networking

Social Finance (SoFi) is our view of where blockchain technology can revolutionize payments for social networks. At Subsocial, we are building a SoFi toolkit of decentralized financial primitives that are optimized for social networking.

Not only is it important for creators to reap the benefits of their work, it is also important that the community be able to freely decide who to promote and reward. However, SoFi takes those core principles and then sets about enabling developer creativity to add advanced custom features.

With smart contract functionality on Subsocial, the community will be able to create their own composable SoFi primitives, much like we can see in the DeFi space. The Subsocial team started building primitives during Hackusama such as tips, which are already available, and paid subscriptions. In the future we hope to add pay-per-view and NFTs.