$85,051.00
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4.48%$14.29
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0.41%$0.276112
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0.01%$0.999908
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0.12%$0.107034
6.30%$36.61
1.56%$48.79
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0.15%$1.16
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-2.11%$1,419.26
0.46%$0.47513
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3.05%$0.673161
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0.03%$0.906794
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1.70%$1.00
0.16%$0.581861
2.23%$0.01384025
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1.25%$629.95
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0.68%$33.15
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27.58%$0.00006401
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0.00%$0.180588
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8.42%$26.93
5.07%$1,895.74
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0.01%$1.097
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4.41%$2.92
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-6.08%Reading
Content creators from OnlyFans creators are flocking to the buzzy new crypto app Friend.tech.
Build on the newly launched Base network, Friend.tech is a Twitter-linked app that enables tokenized accounts into “keys.” Users that buy an account's keys, then get access to a private chat group of the respective accounts.
The migration of new users likely picked up speed after the app enabled sending photos on the app yesterday.
You can now send photos to your key holders. Say cheese😁 pic.twitter.com/pzu7xNuvxm
— friend.tech (@friendtech) August 25, 2023
OnlyFans is a subscription-based social media platform that lets accounts earn money for sharing their photos or videos. The content is often of an adult or explicit nature.
Popular OnlyFans accounts made up some of the top trending accounts on Friend.tech Friday morning.
Around four OnlyFans content creators have entered the list of top 50 most-valuable accounts on Friend.tech alongside crypto influencers.
Ranked 13 on the list, JenfoxxUwU’s Friend.tech keys currently fetch 0.87 Ethereum, or $1,435, while her monthly OnlyFans subscription costs $3.75.
Several other Friend.tech users have noticed the influx of OnlyFans accounts on Friend.tech.
Seraphim, a DeFi contributor at numerous projects like Lido and Vertex Protocol tweeted this morning, “we literally have OnlyFans girls on Friend Tech.”
We literally have OnlyFans girls on Friend Tech
This is the adoption we wanted
— Seraphim (@MacroMate8) August 24, 2023
It appears that the content creators are using the new social media app on Base to expand their reach and attract new users.
Some creators are also using the app to attract users to other platforms like Telegram.
With the inclusion of images on Friend.tech, both apps serve similar purposes: enabling paywalled content sharing.
With OnlyFans, the money goes directly to the content creator, albeit with some fees attached to it.
There are now more daily transactions on Ethereum layer-2 Base, which was incubated and launched by Coinbase, than on Ethereum—fueled in large part by the hype around social app Friend.tech. The latest data from digital asset analytics platform Artemis Terminal shows that daily transactions on Base hit 1.37 million yesterday while on Ethereum, they stood at little over 1 million. Base is American crypto exchange Coinbase's latest product: An Ethereum scaling solution which promises to make it qu...
However, on Friend.tech, the ETH earned from selling keys are stored in a smart contract, which uses a bonding mechanism to price the keys based on the number of holders and keys sold.
According to Cryptokoryo’s Dune analytics dashboard for Friend.tech, the inflow of money into the smart contract registered a spike yesterday.
In total,116,036 users on the platform have deposited ETH worth $74.4 million on the app.
France-based public investment bank Bpifrance announced Thursday plans to invest $27 million (€25 million) directly into tokens and decentralized technologies in an effort to “strengthen the French blockchain ecosystem.” Announced during a blockchain-focused event in Paris, the bank’s investment seeks to accelerate its “digital asset investment strategy” by bolstering French crypto startups and assisting the local venture capital players in Web3. “We are convinced of the growing importance that...
Tether revealed Thursday it is investing in a pair of firms unrelated to the crypto industry, continuing an investment spree that has only intensified since the company reported record profits earlier this year. The El Salvador-based company snapped up 49,596,510 shares of Latin American-focused agricultural firm Adecoagro, growing its stake in the business to 70%, according to an SEC filing published Thursday. "Our investment aligns with Tether's broader strategy to back infrastructure, techn...
GameStop’s announcement on Wednesday that it would sell convertible debt to buy Bitcoin and bolster its balance sheet seems contrary to its past approach to digital assets. In recent years, the video game retailer debuted an ill-fated NFT platform and sold large quantities of IMX, the native token of Ethereum layer-2 network Immutable X. GameStop now appears to be following the path of Bitcoin hodler Strategy, saying it will offer $1.3 billion worth of convertible senior notes and potentially u...
