Exciting Updates for Friend.tech: Moving to Friendchain
Friend.tech, the decentralized social platform, has exciting news for you! The platform is planning to transition from Coinbase’s Layer 2 blockchain Base to its very own proprietary network, Friendchain. This move is part of a collaboration between Friend.tech and Conduit, a crypto infrastructure service provider. Read on to discover more about this upcoming change and what it means for you as a user.
Launching Friendchain: What You Need to Know
If you’re a user of Friend.tech, you’ll be thrilled to learn about the platform’s plans to introduce a new blockchain called “Friendchain.” This new blockchain will replace the current partnership with the Base network incubated by Coinbase. Friendchain will utilize the recently launched FRIEND token as a fully transferable gas token, offering enhanced functionality and benefits to users like you.
- The announcement did not specify a timeline for the network migration, but regular updates will be provided “over the coming months.”
- This transition to Friendchain’s mainnet could take several months to complete, ensuring a seamless experience for all users during the switch.
Friend.tech’s Collaboration with Conduit
Friend.tech has expressed its excitement about working with Conduit, a renowned crypto infrastructure service provider, on the development of Friendchain. This partnership aims to enhance the platform’s blockchain capabilities and offer new features to users. Stay tuned for more updates as Friend.tech and Conduit bring this exciting new chapter to life.
Friend.tech’s Decision to Move from Base
The decision to transition to Friendchain comes after Friend.tech’s co-founder, Racer, publicly discussed the platform’s desire to move away from the Base network. Racer highlighted challenges faced by the team in maintaining a positive relationship with Base users and the need for a more independent blockchain solution. As Friend.tech prepares for this transition, users can expect a more robust and efficient platform experience on Friendchain.
FRIEND Token Price Impact
Following the announcement of Friendchain, the price of the FRIEND token experienced a notable increase, rallying by 17%. This positive development comes after a previous price dip triggered by uncertainties surrounding the platform’s future on the Base network. The significant price jump indicates renewed investor confidence in Friend.tech’s strategic vision and the potential of Friendchain.
- Currently, the FRIEND token is trading at $0.93, reflecting an 8% price surge in the past day.
- Despite the recent price spike, the token’s weekly performance shows a slight decline, demonstrating market volatility and investor sentiment.
Hot Take: Embracing Innovation with Friendchain
As Friend.tech prepares to launch its proprietary blockchain, Friendchain, users like you can look forward to enhanced features, improved functionality, and a more robust social platform experience. The shift to Friendchain signifies Friend.tech’s commitment to innovation and decentralized solutions, offering a glimpse into the future of social networking built on blockchain technology. Stay updated on the latest developments as Friend.tech and Conduit redefine the possibilities of decentralized social networking.
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