friend.tech Succeeds At The Seed Round With Paradigm Investment Participation

Key Points:

• Social network Web3 friend.tech announced that it had completed the seed round with the participation of Paradigm.
• This app allows users to tokenize their social network and is built on Base, Coinbase’s new Layer 2 network.
• The app caught users’ attention when it said it released its first airdrop on Friday to 44,000 users and will also distribute 100 million points during a six-month test period.

In a recent sharing, the new web3 social network was built on Base, friend.tech, tweeted that they have completed their seed round investment, and Paradigm has joined the investment. Earlier this year, friend.tech partnered with Paradigm to build new online social interaction tools.

In addition, friend.tech started the first Friday Points Airdrop to 44,000 users. The platform previously announced that it would give away 100 million points to app testers over a six-month testing period. The airdrop will be distributed on Friday, and the points will have a particular purpose after the beta period ends.

On August 10, friend.tech, a decentralized platform called a “marketplace for your friends,” opened an invite-only beta test. The app allows users to tokenize their social network and is built on Base, Coinbase’s new layer 2 network.

The platform allows users to purchase shares of connected Twitter accounts to join private chat rooms with said users. This allows anyone on the app to bet on the social value of other users on the platform by purchasing other users’ shares. It can be considered as the social token of their respective users. The price of user shares fluctuates based on supply and demand.

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