Crypto's SocialFi Moment, Fomo Raises $75M & The Rise of Collectables

Crypto's SocialFi Moment, Fomo Raises $75M & The Rise of Collectables – Bell Curve

Mentioned

Bullish

FOMO— FOMO raised $75M Series B from top-tier investors and successfully scaled to 600K users during a bear market by combining social trading with crypto. The platform has successfully attracted users outside of crypto through TikTok/YouTube distribution, and if markets improve, scaling from 600K to 6M users should be significantly easier.
NFT— Tokenized collectibles platforms (Collector Crip, Courtyard, Fidgetals) are generating significant revenue ($15M/month for Collector Crip) during a bear market by solving liquidity problems that traditional NFTs couldn't, offering instant buybacks at 85% of fair value and creating a viral pack-opening experience.
SOCIALFI— Social trading and collectibles represent the real emergence of SocialFi, demonstrating that successful crypto apps need viral social hooks beyond just financial primitives. These apps are successfully onboarding users outside of crypto by combining familiar experiences with blockchain benefits.

Not investment advice.