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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Friend.tech, a decentralized social media on the Base blockchain, has announced punitive measures against users who opt for forks or copycat versions of its platform. The official Friend.tech X account had tweeted on Aug. 28 that users
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Crypto’s newest decentralized social media (DeSo) app friend.tech has been met with intense criticism over a decision to punish users who opt in to forks or copycat versions of its tokenized social media platform. “To make sure loyal users are rewarded fairly during our beta, users moving to forks and copies
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Decentralized social networks have always faced significant challenges to gain mainstream adoption. Such is the apparent case of Friend.tech, a new decentralized
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The decentralized social media platform, Friend.tech, has witnessed sharp transaction volume and fee income declines over the past week. According to data provided by the analytics platform Dune, Friend.tech’s transaction volume dropped to $883,000 on Aug. 27.
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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 such as activity, inflows and volume.Friend.tech had a buzzy beta version launch on Coinbase’s layer-2 Base on Aug. 11. A week later, its fees surpassed
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Despite the recent hype around riend.tech, some decentralized social networks are still having a tough time getting users to sign up and stay on their social media platforms. Two executives in the decentralized social (DeSo) media space told Cointelegraph that as much as 99% of users moving into DeSo for
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Earnings on the decentralized social platform Friend.tech plummeted in tandem with its number of daily users. According to the latest data from DeFiLlama, Friend.tech’s earnings started to fall, with more than 70% lower fees by the end
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Latest data about Friend.tech, a decentralized social media platform, shows that it contributes over 20% of the average active addresses on Base, an Ethereum (ETH) layer-2 platform. Meanwhile, Dune data compiled by Tom Wan shows that in
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PRICE OF POPULARITY: Coinbase, the big U.S. crypto exchange, is getting a fast education, as one of the first big publicly traded companies to run its own blockchain. Its new Base project, a layer-2 network atop Ethereum, just launched this month, and already one of its new applications, Friend.tech, has gone
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Friend.tech counters claims of a 100k user data breach, emphasizing data was accessed from their public API, not a security lapse. In a statement on X, Friend.tech clarified that the data was accessed through scraping their
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