Since its launch in August 2023, the development team behind the decentralized social app Friend.tech has generated over $20 million in revenue. The app has collected more than $40 million in total fees from users, with half of this fee being allocated as revenue to the project's team.
Friend.tech allows users to buy or sell Keys associated with X accounts (Twitter). These Keys provide users with access to private chatrooms and content exclusively available to corresponding X users. Transactions on the platform incur a 10% fee, with half of this revenue going to content creators and the other half to the developer team.
According to DeFi Llama data, the project is now the largest revenue-generating app on Base and the second-largest among all projects.
Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!
Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com
Social
Web3