- Friend.tech has become an overnight sensation with over 325,000 transactions daily.
- Both supporters and critics are discussing the user privacy features of the platform.
- Friend.tech is a Web3-based group chat platform that involves cryptocurrency for monetization.
Friend.tech is now the talk of the crypto town after the platform has gained more than 100,000 blockchain-based transactions daily in the last couple of days. Both supporters and critics are discussing whether the new platform is going to last or if it is just purely for momentary hype and wild speculation.
To bring the uninitiated up to speed, friend.tech is a new platform that works like an exclusive group chat where influencers can interact with group members in a Web3 fashion. Of course, crypto — particularly Ethereum (ETH) — is highly involved, which is the main source of monetization.
Friend.tech is built on Base, the layer-2 venture of global crypto exchange Coinbase. Now, this is where the issue about the list of Ethereum addresses that participate in friend.tech arises.
Others have highlighted that the database of friend.tech users is accessible to the public. However, this is inevitable as the platform was designed in such a fashion.
Specifically, Ethereum addresses of users are displayed in the database with their full consent, as they are required to link ETH addresses to their X (formerly Twitter) accounts.
As to friend.tech’s longevity, it remains to be seen whether the platform will stay for a while or if it will just be the object of momentary hype. For the time being, many people are making money on friend.tech through the platform’s Web3 model.
