Social Platform Friend.tech Surges to Over 100,000 Addresses and $25 Million in Revenue Since Launch

Social platform Friend.tech sees rapid growth and generates significant revenue

The social platform Friend.tech has experienced a surge in popularity since its launch on August 10. Over 100,000 addresses have joined the platform, which allows users to buy “shares” of people who hold accounts on X (formerly known as Twitter), granting them certain privileges. The platform has generated over $25 million in revenue through fees since its launch. Notable personalities, such as Richard “FaZe Banks” Bengtson II and NBA player Grayson Allen, have joined Friend.tech, leading to a surge in the prices of their shares. While concerns have been raised about the public visibility of blockchain transactions linked to the platform, developers argue that this is not an immediate cause for concern.

Key Points:

Friend.tech has gained over 100,000 addresses since its August 10 launch
The platform has generated over $25 million in revenue through fees
Notable personalities, including FaZe Banks and Grayson Allen, have joined the platform
Shares on Friend.tech grant holders privileges, such as the ability to send private messages
Concerns have been raised about the public visibility of blockchain transactions linked to the platform

Hot Take:

The rapid growth and revenue generation of Friend.tech demonstrate the appeal of social platforms that offer unique features and opportunities for users. By allowing users to buy “shares” of individuals and granting privileges to the shareholders, Friend.tech has attracted notable personalities and gained a significant user base. While concerns have been raised about the public visibility of blockchain transactions, developers argue that this is not a major issue. As Friend.tech continues to go viral, it will be interesting to see how it evolves and whether it can sustain its growth in the highly competitive social media landscape.