Decentralized social app Friend.Tech broke 100K users this week (or at least 100K wallets). Let’s dive a little deeper on the latest crypto hype.
Fast Facts
📲 Friend.Tech has over 100,000 wallets signed up since its Aug 10 launch
📲 The platform has generated over null.1 million in fees
📲 Major (non-crypto) celebrities like streamer FaZe Banks and NBA player Grayson Allen have made accounts
📲 The platform allows you to buy “shares” in popular X (Twitter) accounts.
Where it’s going:
Who remembers Bitclout? Is that still a thing? There are only two potential outcomes from here:
- Friend becomes the new gold standard for speculating on the social prowess of influencers and public figures
OR
- This fad fades in the next 6-12 weeks, and 1-5,000 people who made a little bit of $ on the app will blindly advocate for the app until its inevitable demise
I don’t have a crystal ball, but I’m leaning toward #2 on this one. We’ll check back in around Thanksgiving to see if we’re right. sets reminder on phone