The Rise and Fall of SocialFi’s Promise: Why We’re Not Ready for the Future We Dreamed Of

I got it wrong. When SocialFi exploded onto the scene in 2023, and went hyperbolic in 2024 with the release of Bonsai and Degen, I was just like everybody else. I was excited. We had this novel environment full of positive people and it was a healthy shift from the toxicity you see on X and Instagram. In the beginning, I was just happy to be along for the ride. Using Orb and Buttrfly and Phaver and later even Warpcast, I just wanted to be a part of an incredible community. And it seemed like ...