Friend.tech Gaining Momentum | Crypto Daily Digest Aug. 22
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
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Source： TokenInsight Gainers and losers
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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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