Decentralized social networks have always faced significant challenges to gain mainstream adoption. Such is the apparent case of Friend.tech, a new decentralized app that enjoyed explosive growth earlier this month. Just barely two weeks after its launch, Friend.tech saw its trading fees grow to rival top cryptocurrencies like Bitcoin and Tron. However, the euphoria is…
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Friend.tech, a blockchain-based platform that allows users to buy and sell digital tokens connected to their favorite influencers, has lost steam after its splashy debut. The project became the highest-earning service provider in decentralized finance shortly after its release. However, its rise was short-lived, with fees plummeting and user numbers dwindling…. Read More: The Swift…
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Decentralized social network Friend.tech may have been booming, but execs argue decentralized social media apps still have an onboarding and retention issue to fix. Despite the recent bloom of the decentralized social media app Friend.tech, executives from the industry argue there’s still much more work to be done — with many still experiencing massive challenges…
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Buyers, sellers, inflows and transactions have all taken significant dives on the Friend.tech platform after its launch just over two weeks ago, prompting some critics to herald its death. Less than three weeks after its launch, the decentralized social network Friend.tech has already been declared “dead” by critics, following a recent drop in key metrics…
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Decentralized social network Friend.tech has generated over $1 million in fees within just 24 hours of its release, outperforming well-established players like Uniswap and the Bitcoin (BTC) network. According to data from crypto data aggregator DefiLlama, Friend.tech has generated $1.12 million in fees within a single day, and a total of $2.8 million since its inception. … Read More: Decentralized Social Network Friend.tech…
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The closing of NFT project Recur comes two years after it was valued at $333 million and had the backing of an Ethereum co-founder, the Winklevoss twins and Gary Vee. NFT platform Recur shuts down despite $50M funding round Nonfungible token (NFT) platform Recur is winding down operations despite a highly-anticipated launch less than two…
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