After the explosion of GameFi and NFT, the SocialFi concept has come to life. SocialFi is an attempt to define the social economy, where issuers benefit from connecting directly with participants via social tokens. In addition, ordinary participants can gain further benefits through the financialization and tokenization of their social influence.
Back in 2017, SocialFi started to explore its way in 2017 but couldn’t achieve great development because the focus of the market and the technology weren’t perfect at that time. As DeFi evolves, more market hotspots are explored, and encryption industry users have a clearer and deeper understanding of Web 3.0 and decentralization. We are now able to take a broad perspective of where SocialFi is going and create more imaginative protocols.
As a platform spearheaded by the SocialFi trend, Meta Grand Master has created a comprehensive ecology of Metaverse, NFT, DeFi and Social, creating a financial world entirely created by players.
In Meta Grand Master, social and learning are an important part of social activities. The Meta Grand Master team believes that ineffective social media will not be the future of the metaverse. The team seeks to create and actively encourage social behavior through learning and spreading knowledge about financial economics, and rewards our governance tokens for this behavior. This efficient and social learning will lead to rapid progress and value fulfillment in the MGM metaverse.
“Based on the concept of UGC, users can freely forge NFT identities and sponsor activities, earn tokens by participating in simple and interesting games, learn finance, build, manage and share the StudyFi metaverse together, and finally ‘Learning for Use’ reach. , and anyone can become a MASTER of wealth.” Andrew Hope, one of the founders of Meta Grand Master, when speaking about his vision, said that he hopes that through Meta Grand Master everyone will grow and through learning be happy financially in this world could attain freedom.
Andrew Hope, an Oxford University mentor and renowned blockchain expert, along with Zack Chrich, founder of Digital Mark, led the creation of a technical team of dozens of engineers. In December 2021, her team successfully received a $100,000 investment from ARK Investment. The team announced on Twitter that Meta Grand Master will enter global open beta in early 2022.
In the original world of Meta Grand Master1.0 there were simple flat functions, limited identities and simple financial activities. Players can obtain governance tokens by participating in these activities, which give them the right to govern, set financial rules, and co-develop other financial activities such as B. Rules for opening banks, setting up funds, structuring insurance companies, and so on.
It is also important to note that future development planning of Meta Grand Master will be decided collectively and governed by the DAO organization. The DAO organizes membership in players and sets rules for entry and exit. The Meta Grand Master team provides an organizational framework and voting system that allows players to submit proposals and allow for decisions and action by those willing to vote.
According to the planning of Meta Grand Master, in the next two years, they will gradually improve the ecology and create a SocialFi platform more imaginative than GameFi. As the social circle of the encryption world is opened up layer by layer, more value elements will be stimulated and released in this vast communication. As for the specific looks, the Meta Grand Master team can amplify the social and the game many times over, and the end result will now be immeasurable.