2024

Bold

Friend.tech

Coin

<ul class="news-points">
 <li><strong>Friend.tech, a social media platform, is building its own blockchain called Friendchain.</strong></li>
 <li><strong>Friendchain will use the platform’s native token, FRIEND.</strong></li>
 <li><strong>The move is controversial, with experts questioning its necessity and potential drawbacks.</strong></li>
</ul>
<p>The decentralized social media platform Friend.tech, built initially on Coinbase’s layer-2 network Base, has announced its plan to create a proprietary blockchain named Friendchain. Friend.tech disclosed the new move via its official X account yesterday, June 8.&nbsp;</p>
<p>According to the notification, Friend.tech is building the proposed blockchain with crypto infrastructure startup Conduit. Also, the platform plans to utilize its native token, FRIEND, on the new blockchain.</p>
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   <p lang="en" dir="ltr">We're pleased to be working with <a href="https://twitter.com/conduitxyz?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@conduitxyz</a> on Friendchain, our own blockchain that uses <a href="https://twitter.com/search?q=%24FRIEND&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FRIEND</a> as a fully transferable gas token.<br><br>We'll keep you up-to-date with all the info you need over the coming months as we build out this exciting new chapter. <a href="https://t.co/HRa26vfFEX" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/HRa26vfFEX</a></p>— friend.tech (@friendtech) <a href="https://twitter.com/friendtech/status/1799283480083435815?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 8, 2024</a>
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<p>However, this announcement has garnered significant criticism from industry pundits…</p>
<p>The post <a href="https://coinedition.com/friend-techs-move-to-friendchain-a-bold-leap-or-risky-gamble/" rel="noopener noreferrer nofollow">Friend.tech’s Move to Friendchain: A Bold Leap or Risky Gamble?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Friend.tech’s Move to Friendchain: A Bold Leap or Risky Gamble?

Coin Edition

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