Friend.tech Developers Have Earned over $20 Million from the Social Dapp

Friend.tech Developers Have Earned over $20 Million from the Social Dapp
Source: Friend.tech

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

Source

Social

Web3

Related News
Aethir Launches Decentralized Cloud Compute Network on Ethereum Mainnet Aethir Launches Decentralized Cloud Compute Network on Ethereum Mainnet
Decentralized Identity Project Humanity Raised $30M, Led by Kingsway Capital Decentralized Identity Project Humanity Raised $30M, Led by Kingsway Capital
Witness Chain Attracted over $5B worth of Delegated $ETH from EigenLayer Restakers Witness Chain Attracted over $5B worth of Delegated $ETH from EigenLayer Restakers
io.net Experienced a Cybersecurity Breach and Responded Promptly io.net Experienced a Cybersecurity Breach and Responded Promptly
ZKasino Unilaterally Locks $33M of User Funds for 15 Months, Sparking Widespread Anger ZKasino Unilaterally Locks $33M of User Funds for 15 Months, Sparking Widespread Anger
Latest News More More
10 Hours Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
10 Hours Ago Fetch.ai launches $10M accelerator for AI agent startups
1 Day Ago Fidelity’s spot bitcoin, ether ETFs post largest daily net outflows since inception
1 Day Ago Polkadot-based Phala Network launches Ethereum Layer 2 rollup
2 Days Ago Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open