SocialFi got rekt badly.

X killing Infofi is one, but Base and Farcaster both moving from decentralized social media to trading-first approach is... unfortunate. Lens & other competitors are dead, too.

Crypto would benefit from decentralized media as:

- The geopolitical situation is uncertain with countries considering banning X

- X killing APIs shows that businesses can't rely on centralized platforms

- Crypto is narrative based industry. CT being a hostage of X for vibes is risky

Infofi platforms failed to solve the tough problem of AI slop. So X team solved it for them.

Timeline is much better now.

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