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Friend.tech’s Move to Friendchain: A Bold Leap or Risky Gamble?

Published 06/09/2024, 05:25 PM
Updated 06/09/2024, 06:15 PM
Friend.tech’s Move to Friendchain: A Bold Leap or Risky Gamble?

  • Friend.tech, a social media platform, is building its own blockchain called Friendchain.
  • Friendchain will use the platform’s native token, FRIEND.
  • The move is controversial, with experts questioning its necessity and potential drawbacks.

The decentralized social media platform Friend.tech, built initially on Coinbase’s layer-2 network Base, has announced its plan to create a proprietary blockchain named Friendchain. Friend.tech disclosed the new move via its official X account yesterday, June 8.

According to the notification, Friend.tech is building the proposed blockchain with crypto infrastructure startup Conduit. Also, the platform plans to utilize its native token, FRIEND, on the new blockchain.

However, this announcement has garnered significant criticism from industry pundits…

The post Friend.tech’s Move to Friendchain: A Bold Leap or Risky Gamble? appeared first on Coin Edition.

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