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Friend.Tech Is Extremely Profitable Friend.tech is a on-chain Social-Fi app built on Base, Coinbase’s Layer 2. The model is simple: Users sign up, and can purchase “keys” (i.e shares) of other users. The shares can be bought or sold, and like any speculative asset, the more that people buy your shares, the higher price goes. Users gain a fee of all trading volume of their own shares, and the platform takes a cut as well. Cryptokoryo’s Dune DashboardConsidering the fact that it’s less than one month old yet has made the equivalent of OpenSea in fees in the past 30 days, friend.tech has seen tremendous growth. $84.6 million of inflows in under a month with over 125,000 unique accounts makes friend.tech one of crypto’s most successful projects in this bear market so far. Friend.tech has also onboarded notable influencers, such as 100 Thieves Nadeshot, Faze Rain, and other OnlyFans’ influencers. While growth and transactions seemed to have slowed down, onboarding a famous influencer will p...
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