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REGULATION
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11 months ago

Friend.Tech announces plan to move from Base to its own blockchain called “Friendchain" and uses FRIEND tokens for gas fees

2024-06-09

REGULATION
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11 months ago



 friend.tech on X: "We're pleased to be working with @conduitxyz on Friendchain, our own blockchain that uses $FRIEND as a fully transferable gas token. We'll keep you up-to-date with all the info you need over the coming months as we build out this exciting new chapter. 


Friend.tech, a decentralized social media platform, has announced its departure from Base layer-2 to develop its own blockchain network called “Friendchain.”

 

This initiative is a collaboration with Conduit and aims to use the FRIEND token as a transferable gas token.

 

The announcement makes FRIEND token 24 hours price surge 10%.

 

The decision to create Friendchain has sparked mixed reactions within the community.

 

While some view it as a natural progression for successful decentralized applications, others are concerned it might hinder growth by isolating the platform from established ecosystems like Base and Solana.

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