‘I give it six to eight weeks’ — Critics warn friend.tech hype won’t last
While lots of crypto industry heavyweights have actually applauded the app for bringing thousands of individuals on-chain and inspiring sign-ups from even non-crypto figures– such as video gaming YouTuber Faze Banks and Russian protest group Pussy Riot– some have cautioned its at danger of burning out.Built on Coinbases layer-2 network Base, friend.tech is a platform that enables users to acquire shares of their influencers and good friends, which in turn grants them access to a personal chat with that user. Speaking to Cointelegraph, crypto commentator Yazan pointed out a number of unpleasant aspects that led him to believe the app has between six and 8 weeks prior to both share costs and general activity start to nosedive.Let me tell you one thing.Something isnt best about @friendtech.
While numerous crypto market heavyweights have actually applauded the app for bringing thousands of people on-chain and inspiring sign-ups from even non-crypto figures– such as video gaming YouTuber Faze Banks and Russian protest group Pussy Riot– some have actually cautioned its at danger of burning out.Built on Coinbases layer-2 network Base, friend.tech is a platform that permits users to purchase shares of their good friends and influencers, which in turn grants them access to a personal chat with that user. Speaking to Cointelegraph, crypto commentator Yazan pointed out a number of troubling aspects that led him to think the app has between six and eight weeks before both share rates and general activity begin to nosedive.Let me inform you one thing.Something isnt right about @friendtech. Drawing parallels to BitClout– a predecessor DeSo app from 2021– pseudonymous Web3 marketer Legendary shared his bearish forecast on the longevity of Friend.tech. The bull case for friend.techOthers nevertheless, shared a far more positive outlook on the new decentralized social media platform, praising it for its novel advancements in UX for crypto applications– something that crypto app developers have long had a hard time to get right.David Phelps, the co-founder of Jokerace and EcoDAO, explained Friend.techs UX as the “biggest crypto has seen,” pointing to 3 primary aspects as to why the app was such a considerable development for crypto. The app doesnt require users to download through an app shop account, which points more strongly to the idea of decentralization.
According to information from DefiLlama, Friend.tech has created $1.42 million in costs in the last 24 hours and $4.2 million since its public launch. Overall Friend.tech charges and revenue since launch. Source: DeFiLlamaAt the time of publication, the overall revenue for the job stands at $1.88 million, and it has actually experienced over 724,000 transactions from more than 64,500 special traders.Magazine: Blockchain video games arent actually decentralized … however thats about to alter
Drawing parallels to BitClout– a predecessor DeSo app from 2021– pseudonymous Web3 marketer Legendary shared his bearish prediction on the durability of Friend.tech. The bull case for friend.techOthers nevertheless, shared a far more positive outlook on the new decentralized social media platform, praising it for its unique advancements in UX for crypto applications– something that crypto app designers have long had a hard time to get right.David Phelps, the co-founder of Jokerace and EcoDAO, explained Friend.techs UX as the “biggest crypto has actually seen,” pointing to three primary factors as to why the app was such a considerable breakthrough for crypto. The app doesnt need users to download by means of an app store account, which points more strongly to the idea of decentralization.
Yazan argued there has actually been an unsustainable rate at which share rates have actually increased.” The fucked up market making that guarantees that the app makes the most money along with developers– the cost goes up too quickly,” he said. Lets assume that you just desire to buy/sell a single share (amount = 1).