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On the surface, social media and crypto seem to be distinct spheres. One focuses on connecting friends and self-expression, while the other enables decentralized finance (DeFi) and peer-to-peer transactions through blockchain technology.
However, a fascinating fusion of the two called SocialFi is on the rise. This combination brings decentralized capabilities of cryptocurrency into social platforms to rectify the problems of data exploitation and centralized control that plague today’s digital communication giants.
Among the SocialFi solutions, Dechat stands out as the first platform to integrate inscription technology. This technology infuses users' communication data into a decentralized crypto ID, allowing people to chat and transact digital assets within and across applications with their social profiles.
Read on to learn more.
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