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In an era marked by the swift metamorphosis of the technological landscape, the very fabric of our communication, labour, and engagement with the world has undergone a profound transformation. Amidst this dynamic flux, an enigmatic term, &#34;Friend Tech,&#34; has surfaced as a focal point of intrigue, traversing the boundaries of tech circles to resonate in wider discourse.At the helm of this pioneering venture stands the enigmatic pseudonymous developer, Racer. The tapestry of Racer&#39;s ingenuity is woven across previous ventures, notably including the creation of social media networks such as TweetDAO and Stealcam.The narrative assumes greater depth through the lens of Yuga Cohler, a senior staff software engineer at Coinbase, a voice that echoes the lineage of Racer&#39;s prior pursuits. TweetDAO and Stealcam, both testaments to innovation, mirror the foundations upon which Friend.Tech&#39;s architecture has been erected. Yet, the plot takes a new direction, branching into the domain of crypto influencers. With a discerning eye on these influencers, Racer&#39;s vision illuminates a path where they stand to earn royalties through trading fees, effectively harnessing the power of their fan base.<a href="https://t.co/L11mNJZgY3" rel="noopener noreferrer nofollow">https://t.co/L11mNJZgY3</a> is built by <a href="https://twitter.com/0xRacerAlt?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">&#64;0xRacerAlt</a>, a crypto OG.He was the lead dev of <a href="https://twitter.com/tweetdao?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">&#64;TweetDAO</a> - an NFT which granted access to posting from a shared Twitter account.The project went viral before devolving. It was one of the first forays into decentralized social media. <a href="https://t.co/3wGo0aQ2Ip" rel="noopener noreferrer nofollow">pic.twitter.com/3wGo0aQ2Ip</a>— yuga.eth &#x1f6e1; (&#64;yugacohler) A<a href="https://twitter.com/yugacohler/status/1689972725052317697?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">ugust 11, 2023&lt;</a>br/&gt; aYet, Friend.Tech&#39;s narrative extends beyond individual figures, reaching out to the cosmos of Web3 projects. With strategic intent, Racer&#39;s creation becomes a conduit for fostering relationships — a bridge connecting Web3 projects with venture capitalists and pivotal entities in the crypto domain.<h3 id="strong-so-what-is-it-strong">So What is it?</h3>Embarking on its beta journey on 11 August, Friend.tech emerges as a groundbreaking decentralised social (DeSo) network that unfolds a unique paradigm. At its core lies the transformative ability for users to infuse their social networks with a new dimension — tokenisation. This concept takes shape through the process of acquiring and trading &#34;shares,&#34; effectively translating social connections into tangible assets.The team took to X to assure users that they are provisioning more resources when it unexpectedly hit serve capacity.<blockquote>— friend.tech (&#64;friendtech) <a href="https://twitter.com/friendtech/status/1689741598526210048?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">August 10, 2023</a>We believe we are back <a href="https://t.co/uAQlwFhhxS" rel="noopener noreferrer nofollow">https://t.co/uAQlwFhhxS</a></blockquote><blockquote>— friend.tech (&#64;friendtech) <a href="https://twitter.com/friendtech/status/1689751486857887744?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">August 10, 2023</a>We are provisioning more resources again. We genuinely did not realize there were still so many people into crypto</blockquote>The issue was resolved on the same day.<blockquote>— friend.tech (&#64;friendtech) <a href="https://twitter.com/friendtech/status/1689895204982251520?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">August 11, 2023</a>Thank you so much for your patience. Our app and servers are working now</blockquote>Venturing into this realm, Yuga illuminates the essence of &#34;Friend Tech&#34; through a succinct tweet that reverberates with implications. This decentralised social media platform, a creation that melds technological prowess with human interaction, orbits around the idea of crypto personalities. Yuga&#39;s insight takes us to the crux of innovation — the transformative utilisation of &#34;shares&#34; as digital assets. Within the framework of Friend.Tech, these &#34;shares&#34; embody a digital representation of ownership. This concept&#39;s resonance with the foundational principle of stock ownership is unmistakable — a concept where possession of shares equals holding a stake in a specific enterprise.<a href="https://t.co/L11mNJZgY3" rel="noopener noreferrer nofollow">https://t.co/L11mNJZgY3</a> is a decentralized social media app that tokenizes crypto personalities:- You can buy and sell &#34;shares&#34; of people- Ownership of a share grants you access to a private chat with that person- Share price fluctuates according to supply and demand <a href="https://t.co/qzfAoAa6u9" rel="noopener noreferrer nofollow">pic.twitter.com/qzfAoAa6u9</a>— yuga.eth &#x1f6e1; (&#64;yugacohler) A<a href="https://twitter.com/yugacohler/status/1689973528185999360?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">ugust 11, 2023&lt;</a>br/&gt; aIn a testament to its meteoric rise, Friend.Tech achieved a staggering feat on 19 August — raking in over $1 million in fees within a mere 24-hour span. This accomplishment propels Friend.Tech into a league of its own, overshadowing even established giants within the crypto realm, such as Uniswap and the Bitcoin network.<h3 id="strong-so-what-are-friend-tech-s-functionalities-strong">So What Are Friend.Tech’s Functionalities?</h3>Upon initial scrutiny, Friend.Tech&#39;s fundamental attributes may echo the contours of well-established platforms like WeChat groups or Telegram groups — a semblance that sparks recognition. Yet, beneath the surface, a distinct element emerges, one that breathes life into the essence of Friend.Tech itself. This singular element is the dynamic orchestration of group participation.In this landscape, users are empowered to make conscious choices, joining specific groups with a tangible stake earned through a payment equivalent to the base price — a sum that doubles as an entry fee. This resonates with the essence of participation. Equally significant is the mechanism to exit these groups, accompanied by the option to liquidate their group shares — a transactional freedom that embodies the fluidity of Friend Tech&#39;s ecosystem.The stage is set for a seamless journey as Friend.Tech steps forward, accompanied by an onboarding process that embodies user-centricity. For iOS users, a straightforward gateway is unveiled: accessing the official website through their devices and seamlessly adding it to their home screens. This thoughtful approach eradicates the hurdles of third-party downloads, enabling a frictionless entry into the application&#39;s realm.Thereafter, users embark on a sequence of steps, starting with the acquisition of an invitation code that ushers them into the Friend.Tech experience. They will then wait as they tether their Twitter accounts, a symbolic fusion of identity and engagement. An entry fee — manifested through a minimum Ethereum (ETH) contribution of 0.01 — is then infused into Coinbase&#39;s innovative Layer 2 network, Base. In exchange, a doorway opens, granting users access to the vast spectrum of features and possibilities that Friend.Tech unfurls.Source: https://www.coinlive.com/news-detail/180516

Diving into the Buzz: So What is Friend.Tech?

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