Friend.tech’s plan to develop own blockchain leaves users confused
Decentralized social media platform Friend.tech has announced it will be teaming up with Conduit to develop its own blockchain, Friendchain.
Decentralized social media platform Friend.tech — built on Coinbase layer-2 network Base — has announced plans to develop its own blockchain, Friendchain, but the decision to do so has left many users to ask, “Why?”
“No hate, just a genuine question, What is the value proposition of a social-focused chain?,” crypto trader Dr. Jojipup asked in reply to Friend.tech’s June 8 announcement on X, explaining that it will be working with crypto infrastructure startup Conduit to launch its very own blockchain. Friend.tech added that it will use its native token, Friend (FRIEND), as a “fully transferable gas token.”
“Why do you need a blockchain?” added pseudonymous crypto commentator ox0, while co-founder of gas-auditing firm Gaslite, Pop Punk, commented,“why.”
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Author: Ciaran Lyons
