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Friend.tech allows users to tokenize their social network. Buying someone’s share grants owners the ability to exchange private messages with them.Friend.tech does allow users to cash out their in-app profits. It has a “withdraw ETH” button, allowing creators to send crypto back to their wallets. It might be one of the most reassuring features of the application so far.

The new social app has driven 4,400 ETH ($8.1 million) in trading volume in less than 24 hours since its launch, far surpassing OpenSea’s in the same time frame.According to a tweet from Yuga Cohler, senior staff software engineer at Coinbase, friend.tech users create a profile to sell “shares” of themself to their followers. At this time, buying someone’s share grants owners the ability to exchange private messages with them.The platform is courting influencers who already have large Twitter followings, including influencers Jordan Fish, commonly known as Cobie, and pseudonymous trader Hsaka Trades. Yesterday afternoon, Hsaka Trades posted a tweet claiming that the platform would “speedrun into becoming a Cameo type platform for [Crypto Twitter],” allowing users to collect shares for privileges such as sending a tweet from an influencer’s account.

Friend.tech

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