🚀 **SocialFi: Lessons from Friend.tech's Rollercoaster Ride**

- SocialFi, the decentralized social media sector, is learning from Friend.tech's rise and fall.

- Friend.tech soared with hype in 2023 but crashed in 2024, losing 95% of its token value.

- Experts say the key issue was failing to keep users engaged and happy.

- Andrew Saunders of SKALE Labs highlights the challenge of achieving mass adoption.

- Anurag Arjun of Avail emphasizes the need for continuous user feedback.

- Despite the hiccups, the industry remains optimistic, with better, more user-friendly SocialFi apps on the horizon. 🌐