SocialFi Components
What is SocialFi?
SocialFi (Social Finance) combines social media with decentralized finance (DeFi). It's where content creation meets blockchain technology, enabling creators and communities to monetize social interactions through crypto payments, tokenization, and smart contracts.
Welo integrates key SocialFi components to give creators and supporters more control, ownership, and financial alignment.
Core SocialFi Features on Welo
Web3 Authentication: No emails, no passwords. Just connect your Solana wallet and you're in. Your wallet is your identity.
Data & Privacy: Zero KYC, zero tracking, zero surveillance. We don't collect your personal data because we don't need it. Your privacy is protected by design.
Decentralized Profiles: Your profile is linked to your wallet, not controlled by a corporation. You own your identity and can take it anywhere.
Crypto Payments: Instant payments in cryptocurrency. No banks, no payment processors, no delays. Money goes directly from supporters to creators.
Tokenization: Launch your own Creator Coin, gate content with tokens, and let your supporters benefit financially from your success.
Cross-Chain Ready: Currently on Solana, with multi-chain support coming soon. Use any crypto you want.
Why SocialFi Matters for Creators
Traditional Platforms (Web2)
SocialFi on Welo (Web3)
Corporate ownership of your content
You own your content and audience
Mandatory personal data collection
Privacy-first, no personal data required
Fiat-only payments with high fees
Crypto payments with instant withdrawals
Delayed payouts
Instant payouts, withdraw anytime
Platform controls everything
Decentralized control
5-20% platform fees
2.5% platform fee
Last updated