SocialFi software protocol Good friend.tech (FRIEND) says it’s leaving Coinbase’s Base chain to develop its personal community.
In a brand new thread, the workforce behind the social finance platform says that it is going to be partnering up with Conduit, a agency that gives Ethereum (ETH) rollups, to work on Friendchain, its very personal blockchain that can make the most of FRIEND as its fuel token.
“We’re happy to be working with Conduit on Friendchain, our personal blockchain that makes use of FRIEND as a totally transferable fuel token. We’ll preserve you recent with all the data you want over the approaching months as we construct out this thrilling new chapter.”
In line with Good friend.tech, customers can join the upcoming Friendchain testnet, however no particular date was talked about for its launch.
Good friend.tech, which launched in 2023, permits customers to hyperlink their X accounts to a crypto pockets tackle, making a social decentralized finance (DeFi) house the place followers and creators can straight interact with each other.
“[Friend.tech] permits customers to have a direct engagement with creators, which could not be potential in frequent channels. For instance, a basketball fan should purchase [NBA player] Grayson Allen’s Key to have a dialog with him. One other characteristic is it permits the resale worth of the membership. Customers can wager on the expansion of the profiles or creators by shopping for their keys.”
Information from market intelligence agency Dune Analytics reveals that Good friend.tech has almost $9 million in Complete Worth Locked (TVL) and simply over 916,800 customers who’ve accomplished not less than one commerce on the platform.
FRIEND is buying and selling for $0.791 at time of writing, a virtually 20% lower over the past 24 hours.
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Featured Picture: Shutterstock/Yurchanka Siarhei
