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Friend.tech Revamps Image, Overtakes Leading NFT Platform with Surprising Growth

BlockNews Team by BlockNews Team
September 12, 2023
in MEDIA, NFT, SOCIAL
Reading Time: 3 mins read
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  • Friend.tech experiences a significant surge in value, surpassing $20 million within four days.
  • Trading volume on September 9 reached $12.3 million, overtaking notable NFT platform OpenSea by $3 million.
  • The platform attracts a diverse audience, with popular YouTubers and OnlyFans creators joining the ranks of users.

Friend.tech, the emerging social media platform, is causing quite a stir in the digital community. In just a short span of time, its total value locked (TVL) skyrocketed over $20 million, demonstrating its growing clout in the online world. Skeptics, who once believed the platform was on a downward spiral, are now rethinking their stance.

On September 9, Friend.tech recorded an impressive daily trading volume of $12.3 million, which is its third-best to date. To put things in perspective, it even surpassed OpenSea, a well-acknowledged NFT marketplace, by a margin of $3 million. TylerDidIt, an online observer, was one of the first to point out this notable achievement.

There’s chatter within the cryptocurrency community about what’s driving Friend.tech’s unexpected rise. Hsaka, a well-known trader, playfully pointed out that users might be seeing the appeal of Friend.tech chats as an innovative approach to “yield farms.” This viewpoint is bolstered by the attractive 5% fee that users can earn when they trade someone’s “key” on the platform.

But it’s not just crypto aficionados who are hopping on the Friend.tech bandwagon. The platform is gaining traction with mainstream influencers too. Several recognized YouTubers and OnlyFans content producers have started engaging actively on Friend.tech. PancakesBrah, one of the architects of the platform’s growth strategies, emphasizes that Friend.tech isn’t just for crypto buffs; it’s catering to a diverse audience.

Success didn’t come overnight for Friend.tech. Its journey began with a fair share of hiccups, including technical issues. However, the company showed resilience by constantly evolving. Today, users can enjoy a range of improved features. They can effortlessly upload photos, make easy credit card purchases, and navigate through distinct sections designed for different online activities.

The digital space is always evolving, and Friend.tech is proving its mettle by adapting, innovating, and appealing to a wide range of users. Whether you’re a crypto enthusiast or a mainstream influencer, this platform seems to have something for everyone.

Musk Advances Crypto on “X”; Zuckerberg Quiet

Elon Musk continues to reshape the social media landscape with his ideas. After spearheading the rebranding of Twitter to “X”, Musk is now paving the way for cryptocurrency transactions on the platform. Recent developments reveal that “X” has secured the essential permits to facilitate crypto-based payments. This move is seen as Musk’s ambition to integrate modern digital currencies into daily online interactions, promoting a seamless financial ecosystem.

On the other hand, Mark Zuckerberg, Meta’s CEO, has taken a different digital approach. He has recently integrated Non-Fungible Tokens (NFTs) into Instagram, adding a unique digital asset feature to the platform. Yet, there’s been no announcement from Zuckerberg’s end about introducing cryptocurrency as a payment method on Facebook or any other Meta-owned platform.

The divergence in strategies highlights the unique paths the two tech magnates are taking in the ever-evolving world of digital interaction.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Friend.techNFT PlatformSocial Media
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