Decentralized social media platform Friend.tech has announced it will be teaming up with Conduit to develop its own blockchain, Friendchain.
Decentralized social media platform Friend.tech built on Coinbase layer-2 network Base has announced its plans to develop its own blockchain, Friendchain, but the decision to do so has left many users to ask, “why.”
“No hate, just a genuine question, What is the value proposition of a social-focused chain?,” crypto trader Dr. Jojipup asked in reply to friend.tech’s June 8 announcement on X, which explained that it will be working with crypto infrastructure startup Conduit to launch its very own blockchain. Friend.techadded that it will use its native token, Friend (FRIEND), as a "fully transferable gas token."
“Why do you need a blockchain?” added pseudonymous crypto commentator ox0, while co-founder of gas-auditing firm Gaslite, Pop Punk, commented “why.” Meanwhile others voiced concerns about whether it would mean the gas fees would be higher compared to those on Base — often referred to as a "low-cost" Ethereum (ETH) layer-2 solution.
