Part 5/8:
Ron highlighted the shortcomings of current social media platforms, which capitalize on user-generated content without adequately compensating creators. The emergence of SocialFi aims to rectify this imbalance by allowing individuals to profit from their contributions. Lively, built on a blockchain infrastructure, is particularly promising as it facilitates earning potential for all creators, not just the elite few.
"Lively is essentially like Patreon on steroids," Ron explained, underscoring its design catering to a wider array of creators. With plans to release a mobile app, it aims to broaden access and ease of use for everyday users.