In the vibrant landscape of decentralized applications, Friend.tech has emerged as a groundbreaking force, achieving a dual triumph that reverberates through the crypto community. Operating on BASE, Friend.tech protocol has achieved an extraordinary feat: its revenue has surged past the 10,000 ETH mark, reaching an impressive 10,644.8 ETH. Simultaneously, Friend Tech’s Total Value Locked [TVL] has surpassed 30,000 ETH, hitting a remarkable milestone of 30,165 ETH.
What makes this accomplishment even more significant is the pivotal role played by over 450 Friend.tech sniper bots, which have collectively earned over $5.9 million, constituting a substantial 34% of creators’ revenue. It stands out by offering a revolutionary concept.
Built on the OP Stack in collaboration with Optimism and Base, the platform allows users to invest in shares of their friends and influencers. By doing so, users gain ownership stakes and exclusive access to private conversations with these individuals. To facilitate this interaction, users link their X profile to the app and create a wallet address provided by Friend.tech.
This disruptive approach redefines the membership dynamics of creator platforms like TikTok, Twitch, and Patreon, enabling direct engagements between users and creators that were previously uncommon. For instance, a basketball enthusiast can purchase Grayson Allen’s Key for a conversation with an NBA player. Additionally, Friend.tech allows the resale of membership, enabling users to speculate on the growth of profiles or creators by acquiring their keys.
The platform’s success has been evident in its rapid adoption, with a daily fee exceeding $1 million, outperforming established platforms like Tron and Uniswap. High-profile personalities like Grayson Allen and Garry Tan, Partner at Y-Combinator, have embraced Friend.tech, underlining the platform’s potential in the SocialFi sector.
However, like many innovative platforms, Friend.tech has not been immune to the challenges of the crypto world. Phishing attacks, a common menace in the industry, have targeted notable figures such as businessman Mark Cuban and Ethereum co-founder Vitalik Buterin.
Friend.tech Fortify Security With CoolWallet Partnership
In response to these threats, the team of the popular dApp has taken a proactive approach by partnering with CoolWallet, a reputable hardware wallet maker. This partnership equips users with a robust security solution, safeguarding their digital assets by protecting private keys and validating transactions. By storing assets offline, Friend.tech users gain enhanced security, making their assets less susceptible to online hackers.
Friend.tech’s triumphs, continue to redefine social interactions and financial engagement, the platform’s evolution remains a testament to the immense potential of decentralized applications in shaping the future of digital interactions.