Friend.tech Gaining Momentum | Crypto Daily Digest Aug. 22
After Paradigm announced its partnership with Friend.tech, the new social app volume has gone parabolic with over $60 million. Creators pocketing 5% ($3M) in royalties and the protocol earning 5%($3M) in fees. There are now 91000 unique buyers and 35880 unique sellers on the platform, total transactions is now over 1.67 million.
Non-crypto influencers are entering the platform. FaZe banks (a youtuber with 2.4 million followers on Twitter), Gracie Hartie (OnlyFans), and Grayson Allen all entered the friend.tech leaderboards last weekend. Crypto-native artist, Beeple, creates a 3D animation featuring the social platform (as you see in the front pic).
Derivative platform Aevo has launched FRIEND-PERP, allowing users to long/short the market cap of friend.tech accounts. Foobar, a popular solidity developer, released a Friend Share tokenization wrapper, allowing people to fractionalize friend shares into ERC20 tokens.
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