Social capital refers to the value derived from an individual’s or group’s social networks, including the trust, norms, and connections that facilitate collective action and mutual benefit. In the context of digital assets and decentralized communities, social capital is crucial for community governance, reputation building, and the collective development of projects. It represents the non-monetary value generated through active participation and shared relationships.
Context
The cultivation of social capital is increasingly recognized as a vital component for the success and sustainability of decentralized autonomous organizations and Web3 platforms. Strategies to foster positive social interactions and reward constructive contributions are under constant development. The ability of these digital communities to build and leverage strong social connections will significantly influence their resilience and collective decision-making processes.
WonderChain's Web3.5 initiative integrates blockchain with real-world activities, fostering community trust and transparently rewarding user contributions to address social capital decay.
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