Investing
‘I give it six to eight weeks’ — Critics warn Friend.tech hype won’t last
Friend.tech, a new decentralized social media (DeSo) app, has rapidly become one of the hottest new things in crypto, with over 64,000 new users and more than 24,000 Ether (ETH) in trading volume since its beta version launch of Aug. 11.
While many crypto industry heavyweights have praised the app for bringing thousands of people on-chain and inspiring sign-ups from even non-crypto figures — such as gaming YouTuber Faze Banks and Russian protest group Pussy Riot — some have warned it’s at risk of burning out.
The bull case for Friend.tech
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