Introducing Friend.tech, the decentralized social network that allows users to buy and sell “keys” to access private chatrooms and exclusive content from popular Twitter accounts. The platform has gained over 100,000 users and made $25 million in just two weeks. Here are the key points:
1. Social token-driven platforms like Friend.tech combine traditional cryptocurrencies with patronage systems, allowing influencers and creators to monetize their fan base.
2. Users must purchase keys to enter private chats on Friend.tech, and they can later sell those keys if they leave the chat.
3. Friend.tech is browser-based and launched on the Base network, an Ethereum scaling network provided by Coinbase.
4. The platform has experienced rapid growth, earning $1 million in fees in a single 24-hour period and making top earners tens of thousands of dollars in a short time.
5. Potential concerns include the potential for manipulation, the platform’s rebranding before the beta launch, and doubts about its sustainability and long-term appeal.
In conclusion, Friend.tech has quickly gained attention and users in the social crypto space. While there are concerns about its sustainability and potential manipulation, its unique approach to combining social media and cryptocurrencies has attracted a significant user base and generated substantial revenue.
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