What the Hell is ‘friend.tech’ and Why is EVERYONE Talking About It?
TL;DR
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It appears like good friend.tech is in all places proper now..
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With good friend.tech, you purchase a creator’s shares (financial worth out), acquire the power to DM them, and might promote at a revenue if/when the shares go up in worth (financial worth in).
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Bypassing app retailer phrases and privateness agreements makes life simpler for the builders of good friend.tech – however these advantages do not essentially lengthen to the top person.
Full Story
If you have not been on X (previously Twitter) over the previous week or so, you may not have heard of friend.tech.
However, it feels prefer it’s in all places proper now.
The essential idea behind the app is that this:
You go to good friend.tech → enroll/in along with your X account → difficulty ‘shares’ of your self on the app → anybody that buys your shares can DM you.
If demand to ‘slide into your DMs’ will increase, the worth of your good friend.tech shares comply with.
It is form of like subscribing to somebody’s Patreon – however as an alternative of paying a subscription, you pay a one-time charge and get a ‘share’ in return.
…shares which have the potential to go up in worth.
Which makes the financial worth alternate a two-way avenue (doubtlessly).
And that is good friend.tech’s hook:
With one thing like Patreon (or X’s ‘subscribe’ characteristic), you purchase a month-to-month creator subscription (financial worth out) and get entry to personal content material.
With good friend.tech, you purchase a creator’s shares (financial worth out), acquire the power to DM them, and might promote at a revenue if/when the shares go up in worth (financial worth in).
This is what makes good friend.tech’s enterprise mannequin kinda genius:
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Each time a share is purchased/bought on the platform, good friend.tech takes a 5% charge.
This construction yielded the creator(s) a cool $1M value of Ethereum in simply 24hrs, final Friday.
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It piggy backs off X’s community results. That means new customers need not sign-up to good friend.tech – however merely sign-in utilizing their current X account.
That is easy!
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Pal.tech just isn’t an App Retailer-based software. To put in it, you must go to the web site, click on the ‘Share’ button and select the ‘Add to Dwelling Display screen’ possibility. (This provides a tile to your cell dwelling display that hyperlinks to the location).
The purpose of this round-about methodology being: Pal.tech would not must cross any Apple/Android App Retailer phrases and circumstances agreements, or share any of its income with third occasion platforms/corporations.
Now, this is the place issues will get murky…
Bypassing app retailer phrases and privateness agreements makes life simpler for the builders of good friend.tech – however these advantages do not essentially lengthen to the top person.
In actual fact, it may put them in danger.
If you click on the hyperlink good friend.tech’s privateness coverage on its homepage, you get a pop up that reads ‘Coming quickly!’.
Not nice.
Personally, we will wait this one out.
However! In case your curiosity will get the higher of you, right here’re some tips about greatest practices from Ignas, a crypto nerd we discovered on X:
