What is 'Friend Tech'? The Impact of Paradigm's Endorsement & the Rise of Decentralized Social Networks
Author: defioasis On August 10th, Base on-chain social application friend tech caused a sensation in community, with users clamoring for invitation codes to join. Tens of thousands of users poured into this new L2 network. However, this good fortune didn’t last long; the popularity sustained for less than three days before friend techs’ activity took a cliff-like dive. Just when everyone thought it had silently exited the stage of history, friend tech boldly returned with news of a seed round of financing from the top crypto vc, Paradigm. Additionally, with the first distribution of its points, users who had originally left rapidly flowed back, creating a new trend on social media and attracting an even larger influx of new users. According to the CryptoKoryo dashboard, as of 19:30 on August 19th, in roughly 10 days since its inception, friend tech has achieved a volume surpassing 11k ETH, with the number of unique users exceeding 39k and a cumulative total of over 51.8k transactions. ...