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<ul> 
 <li><strong>Friend.tech allows users to tokenize their identity by buying and selling “keys” or shares of themselves to their followers.</strong></li> 
 <li><strong>Friend.tech platform processed 38,884 ETH (~$64.6 million) through 1.5 million transactions.</strong></li> 
</ul> 
<p>In the ever-evolving landscape of technology, a new phenomenon has captured the attention of tech enthusiasts, crypto influencers, and social media experts alike: “Friend.tech.” But what exactly is Friend.tech, and why is it grabbing the attention of several&nbsp; people?&nbsp;</p> 
<p>Friend.tech is an application built on <a href="https://thenewscrypto.com/coinbase-invests-in-circle-while-maintaining-a-commercial-relation/" rel="noopener noreferrer nofollow">Coinbase’s</a> layer-2 blockchain Base, which has introduced a transformative way for users to control their online presence. The platform empowers users to tokenize their identity by selling and buying “keys—previously known as “shares—of themselves to their followers.&nbsp;</p> 
<p>In turn, these followers become shareholders. Gaining the privilege of direct communication with the user and unlocking a new feature of personalized engagement in their preferred online spaces, such as Twitter.</p> 
<p>Further, this innovative and decentralized social-focused app, Friend.tech, has rapidly gained popularity within the influential “Crypto Twitter” community since its launch on August 10. With a unique approach that intertwined social engagement and investment opportunities, Friend.tech is reshaping the way users interact with their favorite influencers.</p> 
<h2 class="wp-block-heading" id="h-how-does-friend-tech-work">How Does Friend.tech Work?</h2> 
<p>Once users purchase a share, they gain exclusive access to the influencer’s gated chat room. This unique forum allows followers to directly communicate with the influencer, creating a personalized and intimate engagement experience.</p> 
<p>One of the most exciting aspects of Friend.tech is its dynamic pricing structure. That ties the growth of group shares to the number of participants. As more users join a particular group and the total number of shares increases, the base price of each share experiences a corresponding boost. This innovative approach to pricing adds an intriguing layer to the platform’s appeal, encouraging both engagement and investment.</p> 
<h2 class="wp-block-heading" id="h-friend-tech-hype-is-on-the-rise">Friend.tech Hype is on the Rise</h2> 
<p>The decentralized nature of Friend Tech is empowered by its integration with <a href="https://thenewscrypto.com/ethereum-eth-price-eyes-big-move-further-decline/" rel="noopener noreferrer nofollow">Ethereum’s</a> scaling network. In a short span, the platform has facilitated a total volume of 38,884 ETH, equivalent to $64.6 million, across a staggering 1.5 million transactions. This rapid growth has positioned Friend.tech as a notable player in the tech scene. Ranking second in on-chain protocol activity globally within the past 24 hours, trailing only Ethereum itself, according to DefiLlama.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" width="830" height="195" src="https://thenewscrypto.com/wp-content/uploads/2023/08/Friend.tech_.png" alt="" class="wp-image-81053" srcset="https://thenewscrypto.com/wp-content/uploads/2023/08/Friend.tech_.png 830w, https://thenewscrypto.com/wp-content/uploads/2023/08/Friend.tech_-300x70.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/08/Friend.tech_-768x180.png 768w, https://thenewscrypto.com/wp-content/uploads/2023/08/Friend.tech_-150x35.png 150w" sizes="(max-width: 830px) 100vw, 830px"> 
  <figcaption class="wp-element-caption"> <em>Top earning protocols and networks (Source: </em><a href="https://defillama.com/fees" target="_blank" rel="noopener noreferrer nofollow"><em>DefiLlama</em></a><em>)</em> 
  </figcaption> 
 </figure> 
</div> 
<p>The rapid rise of Friend.tech is evident by the prominent personalities in the <a href="https://thenewscrypto.com/bitcoin-btc-price-consolidates-as-further-decline-looms/" rel="noopener noreferrer nofollow">cryptocurrency</a> community, such as Racer, Cobie, and Hsaka. These shares have surged to values as high as 7 ETH, or nearly $11,644 at current market rates within few days.</p> 
<p>However, the viral decentralized social media platform Friend.tech could pose certain risks that might impact its users. Also, the identity of Friend.tech’s founder remains undisclosed.</p>

What Is Friend.tech and How Is Everyone Making Money Out of It?

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