Yield farming, liquidity mining, are the terms that are derived from the decentralized finance domain. It is impressive to find out how the total value locked in DeFi rose exponentially from around $650 MIL in January 2020 to $45 BIL in March 2021. The massive spike happened in just a matter of 14 months, affirming the success of the DeFi industry.
As the contribution of the DeFi kept on increasing, a new wave of blockchain innovation called Non-Fungible Token is taking the crypto world by storm. The minds of crypto and non-crypto communities were taken over by the rise of the NFT domain.
“Every crypto trend is built on the solid foundation of utility and value”
With the huge rise of crypto trends, the crypto space has unconsciously entered into a new age of utility innovations which will ultimately lead to the mainstream adoption of crypto. At the present time, the crypto world is trying to integrate Social Media Platform with NFT and DeFi.
INTRODUCTION TO DEFI NFT SOCIAL MEDIA PLATFORM:
Torum is a social media platform that is created specifically for the integration of DeFi and NFT with the social media platform. This DeFi-NFT social media platform strives to connect worldwide cryptocurrency users to form a one-stop crypto ecosystem of the industry.
Unique from other social media peers, Torum positions itself as a social media platform that is always willing to embrace the latest utility innovations of DeFi NFT social platform creation. It is a brilliant strategic move.
“The rise of DeFi and NFT is a perfect catalyst that brings on board a wave of newcomers into space and Torum is definitely their ideal starting point”
Competing face-to-face with social media giants like Facebook, Twitter and Reddit are difficult, which is why Torum is fundamentally designed only for the users of Cryptocurrency.
Integration of DeFi and NFT provides crypto communities with a solid reason to take part in Torum while ensuring the platform remains appealing only to people who are interested in cryptocurrency and blockchain-related discussions
DEFI NFT SOCIAL PLATFORM DEVELOPMENT:
Torum emphasized gamification elements and token utility to bring the best crypto social experience to the DeFi NFT social media development platform. In future, Torum strives to become the adoption bridge that connects the general public into the crypto industry.
DeFi NFT social media platform can be developed similar to Torum by coming into contact with the right DeFi NFT social platform creation company.
In order to develop a DeFi NFT social media platform, the user should have extensive knowledge about the field of DeFi and NFT. When the knowledge of the Defi and NFT platforms are gained, the user should finalize with the DeFi NFT social platform creation company. The DeFi NFT social platform development agency should be among the best companies and they should excel in delivering the best possible desired outcome for the customer.
FUTURE OF DEFI NFT SOCIAL MEDIA PLATFORM:
Decentralized Finance had a slow start, and it took a few years for people to realize the potential of such a sophisticated system. With the demand for faster and smoother applications, the number of DeFi projects rose significantly. It is no news that DeFi can replace many of the financial middleware we use today. Numerous projects are already implementing the DeFi protocol in many applications and applying DeFi in social media platforms is the latest and fresh application that is said to have a long run in the future due to the implementation of DeFi and NFT.
WHY IS THE BLOCKCHAIN APP FACTORY CONSIDERED AS BEST IN DEFI NFT SOCIAL PLATFORM DEVELOPMENT?
Blockchain App Factory is one of the best DeFi NFT social platform creation providers in the crypto market. We are a team of developers with solid experience and expertise in the field of DeFi NFT social media platforms. We have gained mastery over helping several clients across the world to launch their DeFi NFT social media platform successfully and raise significant capital for the ventures. Our technical team has professional experience gained from all over the world that will help the client in all possible ways. We customize and develop the social media platform to your own specifications. Our optimized team helps you to succeed and stay ahead of the competition in the digital marketing world.