After Friend.tech’s failure, SocialFi must ‘cross the chasm’ to succeed 💬
In the wake of Friend.tech's collapse, Cointelegraph spoke with industry leaders to identify the failure's causes and future directions for SocialFi.
The discussions highlighted challenges and opportunities in the SocialFi sector, emphasizing the need for innovation and better user engagement. Experts believe that for SocialFi to thrive, it must 'cross the chasm' - a concept referring to the transition from early adopters to mainstream acceptance.
Friend.tech's failure provides valuable lessons for emerging projects. Stakeholders must focus on building more robust ecosystems and addressing key issues that led to Friend.tech's downfall.
