What is Friend.Tech? A Deep Dive Into The Web3 Social Media App

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Top Highlights

• riend.tech aims to become a better version of the DeSo (decentralized social) BitClout — an open-source, decentralized social network.

• . You can invest in your friend’s social network or any set of users to tokenize their credibility.

• You can buy that social token, sell it for a higher price, or keep holding it as the token appreciates in line with the users’ credibility.

• Out here, every user is like a social token. You can buy that social token, sell it for a higher price, or keep holding it as the token appreciates in line with the users’ credibility.

• As of Aug. 21, 2023, the app has accumulated over 80,000 users, with over 1 million trades worth $50 million

• what the influencer or the creator gets.

• So when friend.tech grows, the spread rate will reduce, and only people with large accounts

• Also, Shrimppepe and 0xRacerAlt were associated with a failed NFT project — Kosetto.

• The team behind Friend.tech

• The concept behind Friend.tech is fairly simple. As a user or a follower, you can buy shares to join a particular influencer group.

• In the case of friend.tech, the price of a share in ETH follows a mathematical relationship to the supply of the shares within a given group. Therefore, the more shares purchased, the higher the chances of the prices increasing.

• What is the Friend.tech app?

• What is Friend.Tech? A Deep Dive Into The Web3 Social Media App

• Friend.tech is a decentralized social network where friends or, rather, their networks become Shares or Keys.

• You can invest in your friend’s social network or any set of users to tokenize their credibility.

• Out here, every user is like a social token. You can buy that social token, sell it for a higher price, or keep holding it as the token appreciates in line with the users’ credibility.

• The shares, on the other hand, give access to gated influencer-specific chat rooms, exclusive content, and more.

• As of Aug. 21, 2023, the app has accumulated over 80,000 users, with over 1 million trades worth $50 million.

• Ideated by Twitter user oxRacerAlt and Shrimppepe

• Just to reiterate, Friend.tech is still in the invite-only beta stage, and we are waiting on an official launch. Only then can we get more clarity on the specific features.