Decentralized Social Media App ‘Friend.Tech’ Gains Momentum
Decentralized social media app Friend.Tech is making headlines after it carried out a reported 100,000 transactions in quantity in a single day – believing to have even eclipsed OpenSea.
What’s Pal.Tech?
One of many hottest apps on Base, Pal.Tech, tokenizes crypto personalities by permitting customers to purchase and promote “shares” of individuals, which fluctuates based on provide and demand. Possession of those “shares” then grants a person entry to a personal chat with that particular person
It served as one of many first gamers who ventured into decentralized social media, whereas seemingly gaining important traction previous to it devolving, because of its @TweetDAO project – an NFT which granted entry to posting from a shared Twitter account.
Its developer, who goes by the title @0xRacerAlt, was additionally the lead developer of @TweetDAO.
“The extra buying and selling and hypothesis on you, the more cash you make,” tweeted Coinbase’s Senior Employees Software program Engineer Yuga Cohler (@yuga.eth).
How one can Signal Up
At present, the social media app is in beta, invite-only by means of referral codes that Cohler has been generously sharing throughout X.
Cohler additionally shared that because of the app’s surging recognition, it barely works because of the “extreme visitors,” noting that the app’s knowledge latency is bigger than 10 seconds.
“The extra referrals, the extra ‘factors’ you get airdropped each Friday,” Cohler posted.
One person, who goes by the title of @functi0nZer0, put collectively a spreadsheet that outlines what he believes is the pricing mannequin for Pal.Tech, however isn’t confirmed.
Will This Frenzy Final?
Whereas Pal.Tech might be in comparison with earlier makes an attempt by apps like BitClout and DeSo Protocol, the group appears to assume this execution is far completely different, because of the “tech selections” and “go-to-market technique.”
As for whether or not it will final past the present hype stage, that is still to be seen. Nonetheless, it does put an attention-grabbing (and weird) perspective on assessing a person’s measured self-worth within the crypto house.
