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Friend.tech Gaining Momentum | Crypto Daily Digest Aug. 22

TokenInsightTokenInsight2023/08/22 15:31
By:TI Research

The latest update you need to know about Friend.tech

After Paradigm announced its partnership with Friend.tech, the new social app volume has gone parabolic with over $60 million. Creators pocketing 5% ($3M) in royalties and the protocol earning 5%($3M) in fees. There are now 91000 unique buyers and 35880 unique sellers on the platform, total transactions is now over 1.67 million.

Non-crypto influencers are entering the platform. FaZe banks (a youtuber with 2.4 million followers on Twitter), Gracie Hartie (OnlyFans), and Grayson Allen all entered the friend.tech leaderboards last weekend. Crypto-native artist, Beeple, creates a 3D animation featuring the social platform (as you see in the front pic).

Derivative platform Aevo has launched FRIEND-PERP, allowing users to long/short the market cap of friend.tech accounts. Foobar, a popular solidity developer, released a Friend Share tokenization wrapper, allowing people to fractionalize friend shares into ERC20 tokens.

Today's Market

<figure class="image"> <figcaption> Source: TokenInsight Gainers and losers </figcaption> </figure>

Headlines

Coinbase Takes Equity Stake in $USDC Issuer Circle

Lawyer: Friend.tech's "Shares" May Draw US SEC to Step in. Friend.tech Renamed Shares to Keys

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Other News in Case You Missed it:

Aevo Launched an Index Perps for Market Cap of Accounts on Friend.tech

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Disclaimer: everything in the article represents the author's point of view and has nothing to do with this platform. This article is not intended to be used as a reference for making investment decisions.

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