Facebook meets Blockchain- Blockify | Cryptopolitan
Along with the development of the web, Blocking aims to keep pace with technological advances and new requirements for space.
Traditional industries are currently facing an ultimatum – either embrace new technology or succumb to old methods. Since 2008, blockchain technology has been central to this conversation.
The lesson from the Facebook era may be that social networks are too central to modern life to be monopolized by one highly profit-driven company. Perhaps social networks are something more like bridges or water supplies, which are best controlled by the public
According to recent estimates, companies will spend nearly $20 billion on blockchain services by 2024. Overall, blockchain has emerged as a revolutionary and disruptive technology, creating opportunities across finance, real estate, entertainment, healthcare and gaming. It is also central to Web3 and is undoubtedly here to stay.
One of the industries undergoing significant changes due to blockchain’s impact is social media applications. In 2021, people spent an average of 6 hours and 59 minutes online, and much of that time was spent on social media. This, combined with the fact that there are already 4.2 billion active social media users, makes it high time for businesses to take advantage of these platforms. Consequently, there is a huge opportunity for projects that integrate blockchain technology into social media. enter Blockingwhich aims to build the first ever smart, social web3 application.
Blockify- The Facebook of Crypto
Following the global outbreak of COVID-19 in early 2020, new GameFi platforms such as Axie Infinity introduced new incentive mechanisms. With Play-to-Earn (P2E), for example, users were given the opportunity to earn money from grinding while receiving lucrative rewards for their contributions and participation.
Similarly, Social Finance encourages individuals to surf and earn money. For example, Blockify has introduced Surf 2 Earn (S2E). This incentive model rewards users who engage with the platform.
Since 2021, Blocking has developed in stealth mode and built an interface that unlocks the world of DeFi and Web3 for everyone, regardless of crypto knowledge or experience.
Core features include unlocking the possibilities of web3 social interaction between projects and communities and providing an interface for users to track and manage their assets.
“If you look at the way the Internet evolved with Web 2.0, you have these huge data structures built by all of us behind proprietary attachments: the global search index at Google, the global product index at Amazon, the global social graph at Facebook. The idea is that these large data structures created by the public should not be owned by anyone; they should be public.”
DC – CEO Blockify
Blocking saw an opportunity to build a user-friendly interface for the rapidly growing ecosystem of blockchain-based financial products and services. Decentralized finance now has over $40B in total value locked and includes everything from major cryptocurrencies like Ethereum to other forms of programmable money, cryptoloans, social tokens and NFTs.
Unlike Coinbase or Robinhood, Blocking does not track user data or have custody of users’ funds. Blockify is 100% non-custodial, this agile approach sets the stage for massive growth and adoption.
Bridging the Gap- Merging Social Media, Finance and Crypto
Blocking will enable non-technical users to acquire, track and manage assets on many leading DeFi protocols. Blocking is building an integrated experience that overcomes the fragmentation, complexity and lack of trust in decentralized financial products that have held back the adoption of Defi to date.
The lack of verifiable information has created a roadblock in crypto adoption, Blocking has created an environment where projects can interact and disseminate information directly to their communities in a verifiable method via blockchain technology.
Stay up to date on Blocking the development:
Official website:
www.blockify.com
