Decentralized Social Marketplace Friendzone Launches on Polygon Blockchain
Friendzone, a decentralized social marketplace, is set to launch on the Polygon blockchain on February 26. The platform aims to combine the emotional aspects of traditional social media with the financial rewards of Web3 to build online communities.
Friendzone has two main components. The first is a user-friendly interface for managing connections and social activities, while the second is a deeper layer called LayerSocial, where developers can create innovative apps using the platform’s social connections and data.
The team behind Friendzone chose Polygon’s PoS as their native chain due to their trust in the technology and the vibrant community of developers and users. They aim to create a unified layer for social identities, verification, and rewards on Polygon.
Following Friend.Tech’s Journey, Friendzone Joins the Fray
The launch of Friendzone follows the success of Friend.Tech, another popular SocialFi app from last year. While Friend.Tech gained over 100,000 users within a month, it later lost popularity by the end of the year.
During that time, competitor app Post.Tech experienced increased daily trading activity.
A Unique Rewards System on Friendzone
Friendzone claims to have learned from past experiences and has developed a Web3 social platform with a dynamic pricing curve and built-in reward system. Users on Friendzone receive rewards for supporting creators or brands, which sets it apart from other platforms.
The platform ensures fairness by preventing any single large holder from dominating the market. It also offers tailored access controls to enhance user-generated content in various formats.
The team behind Friendzone includes members and advisors from Synthetix, Band Protocol, Spark Labs Korea, Immutable, and Pendle.
Hot Take: Friendzone’s Entry into the Polygon Blockchain
Friendzone’s decision to launch on the Polygon blockchain demonstrates the growing popularity and adoption of decentralized social marketplaces. By leveraging Polygon’s technology and community, Friendzone aims to create a unified layer for social interactions and rewards, fostering a circular economy within its platform.
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