What is the Friend.tech Social Platform That Earned $25 M in Fees?

What is the Friend.tech Social Platform That Earns $25 M in fees?

Friend.tech is a decentralized social platform that has gained significant attention shortly after its beta launch.

[{"selector":"#anim-d9160974-e572-4fa6-b190-cb65e7b07336","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29521a09-762c-42e1-8e83-7b36167a4802","keyframes":{"transform":["translate3d(-109.85508%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f7ff4ff8-19d0-44d8-b8a5-333bec0617fd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":800,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Since its Aug. 10 launch, Friend.tech Social Platform has generated $25 Million in Revenue by Gaining 100K User.(SRC:COINDESK)

[{"selector":"#anim-130ef074-ebf5-41e5-873b-4ad1605f0b6b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":800,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-953c5205-c3ff-4e41-8206-84d80b9ef34b","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f1dc1b50-4be7-4d9b-9d19-d6e917689b86","keyframes":{"transform":["translate3d(-109.85508%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The platform allows users to tokenize their social connections by selling "shares" of themselves, offering influencers and users a novel way to monetize their social interactions.

[{"selector":"#anim-6089de3e-bb7b-4c18-855f-2a2a9ede77e7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":800,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-78b1d0b2-98ab-4c72-a36a-c6ea511dadd5","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d18e7e01-541c-4893-a585-2bde7bef2f82","keyframes":{"transform":["translate3d(-109.85508%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Friend.tech has generated discussions and debates within the crypto community due to its unique approach to social networking and monetization.

[{"selector":"#anim-9453626f-568a-44fb-a143-08d5f9c36d8c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":800,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-2791a4f9-2536-4b17-ad2e-2bd328a0a4e0","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e6c89bc-a51f-4cad-8a6f-fa9fd23850ea","keyframes":{"transform":["translate3d(-109.56522%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Within just a week post-beta launch, Friend.tech has outpaced established social platforms, showcasing rapid growth and adoption.

[{"selector":"#anim-7209fe3c-33d6-4502-b659-6b8248fe07b3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":800,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f9074ca3-b948-4372-8904-5a2329f3bab1","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed24c124-085e-4217-be36-1cc2474ffd70","keyframes":{"transform":["translate3d(-109.85508%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The platform's rise has sparked conversations about data privacy, as users are essentially trading their social interactions for financial gain.

[{"selector":"#anim-b5dce6e8-c6f1-48fe-9d15-8968431de300 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":800,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d8781f7c-01b1-441a-a294-c4122c3a8044","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-259c53c5-1edb-4dbd-818c-d4ea04752473","keyframes":{"transform":["translate3d(-109.85508%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Friend.tech is built on Coinbase's layer-2 network, Base, which facilitates faster and more cost-effective transactions

[{"selector":"#anim-f73b65f6-4230-4f2d-8cec-931207c636bc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":800,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-826f3c07-369f-467f-b553-d7ebba5b656f","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ceda8781-33fe-4860-b3b7-7c6327684e71","keyframes":{"transform":["translate3d(-109.85508%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The platform heralds a paradigm shift in the world of social networking by turning friendships into tradable commodities.

[{"selector":"#anim-ec8b7748-1cd1-460c-8771-070c0398c773 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":800,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-573d15f3-9519-4675-96ac-5db4f82a883b","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd31cdfb-2d1c-44f4-aa78-d21beb6f82c5","keyframes":{"transform":["translate3d(-109.56522%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Users can grant privileges like private messaging and interaction rights based on the shares they own

[{"selector":"#anim-73e2bbc1-432d-4cb3-aff8-75431699015b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":800,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-94757dd7-cf7b-4506-a10e-e1f0d80d8fc2","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44001814-a960-4df7-9aac-f6a2568553e7","keyframes":{"transform":["translate3d(-109.85508%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Influencers and content creators can benefit from selling shares of their social presence, potentially revolutionizing how online creators earn revenue.

[{"selector":"#anim-77a78950-2e20-4a9f-92c1-e0bd439e936b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":800,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-47f8c33d-7400-4321-9c95-43870397f241","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7dc33617-fa8c-4b8d-9b0b-26618544422a","keyframes":{"transform":["translate3d(-109.85508%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]