Why are the current web3 social FI apps failing to have mass adoption?
The initial foray into existing SoFi apps often feels like navigating a labyrinth for the average user. The quintessential requirement of mastering blockchain nuances, managing private keys, and setting up crypto wallets, acts as deterrents rather than incentives for new users. This intricacy in onboarding is a stark contradiction to the user-friendly experience that social media platforms conventionally offer.
Current social media platforms operate on a unilateral value extraction model where the platform benefits from user engagement, but the users or creators rarely see a dime for their contributions. This paradigm is far from being equitable or incentivizing for the vast community that powers the social media ecosystem.
Sushi State heralds a new era of user-centric onboarding by ingeniously integrating SUI’s zk Login technology. With just a simple login through Google accounts, users are smoothly transitioned into the Sushi State ecosystem. Behind the scenes, a non-custodial wallet is created, obviating the need for users to juggle private keys or undergo tedious wallet setups. While many have attempted to implement SUI’s zk Login, In this hackathon Sushi State stands as the ONE OF THE ONLY platform with a fully operational implementation, setting a new gold standard in user-friendly onboarding in the SoFi landscape.
Sushi State goes beyond the one-dimensional social interactions of traditional platforms by introducing a multi-faceted financial marketplace.
** PLEASE WATCH THE YOUTUBE VIDEO FOR THE WORKING AND IMPLEMENTATIONS **
Tackling SUI's zk Login was a tough nut to crack, but we nailed it, making Sushi State’s onboarding smooth as butter with Google auth. We're stoked to be possibly the only squad with a fully working zk Login using SUI under our belt. It’s not just a tech win; it’s a giant leap towards making social finance apps user-friendly and mainstream-ready!
Venturing into the buy-sell shares arena for creators was like diving into uncharted waters, but our eyes were set on being the CoinDCX of social media. So, we hustled hard and now, for this hackathon, we've got a basic yet rocking buy-and-sell shares feature integrated. It’s a small taste of the trading buzz we’re bringing into the social media scape!
Tracks Applied (3)
SUI Network
okto
Avalanche
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