$118,806.00
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1.05%$22.70
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0.05%$0.251594
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2.56%$3.42
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0.00%$0.259099
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0.87%$0.02471093
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0.02%$0.00002455
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-2.48%$4,845.11
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-2.68%$0.02341164
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0.07%$118,715.00
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0.06%$0.087246
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6.68%$48.25
1.22%$1.81
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0.34%$1.001
0.06%$0.913438
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2.93%$118,189.00
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0.01%$118,649.00
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1.95%$4,990.98
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0.06%$0.293208
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5.61%$5,585.43
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0.03%$0.997735
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0.24%$215.26
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-0.09%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.
Jack Dorsey's fintech Block has released its latest Bitcoin product: a long-lasting mining rig with swappable parts, which will enable miners to cut costs on repairing and replacing the high-powered computing devices. Announcing the product Thursday, Block said the machine, dubbed Proto Rig, will last 10 years instead of the typical three-to-five-year lifespan. Proto Rig's design means that engineers can upgrade individual parts of the machine—like hashboards—without buying a new rig entirely....
The American Bankers Association, the Bank Policy Institute, and over 50 state banking groups are demanding that Congress close "several loopholes" in the recently enacted GENIUS Act, warning that the nation's first major stablecoin legislation contains gaps that could trigger a massive deposit flight and undermine the traditional banking system. In a letter addressed to Senate Banking Committee leaders on Tuesday, the coalition warned that even while the GENIUS Act prohibits stablecoin issuers...
Bitmine Immersion is upping its fundraise target for buying more ETH by $20 billion, according to the firm's filing with federal regulators on Tuesday, as it jockeys to maintain its standing as the world's largest Ethereum treasury. The cryptocurrency mining company aims to raise a total of $24.5 billion of its common stock. The announcement marks a dramatic expansion of its common stock sale, for which the company had already made $4.5 billion worth of its shares available to investors. Under t...
