What is SocialFi? It’s not about the economy driving social interactions, but rather social interactions driving the economy. Why did the majority of SocialFi platforms fail? Because their goal wasn’t to solve the social needs of industry users, but to issue tokens, go public, and sell at a good price in the capital market—basically selling air to retail investors without any revenue support. Users aren’t stupid. FriendTech was so popular back in the day because it had a Ponzi-like model, but its interaction UI and smoothness were a complete mess. Plus, how many people joined that platform for actual social interaction? SocialFi is definitely a great concept. I think the reason so many SocialFi platforms failed before is simply the end of the 1.0 phase for this sector—it doesn’t mean the sector itself has no value. Recently, I joined this SemaSema. In my opinion, the industry has evolved from the wild Crypto 1.0 phase to today’s fast-developing 2.0 phase. The future will definitely belong to entrepreneurs and platforms that solve real user needs. And with the rapid iteration of AI now, many things that used to require huge budgets and lots of time can now be done much faster. AI saves a ton of time and allows various concepts to quickly become reality. This is an opportunity for any entrepreneur.