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.
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.
The trending accounts on Friend.tech. Source: Friend.tech
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.”
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.
The amount of ETH transferred to Friend.tech contracts for key purchases. Source: Dune.
In total,116,036 users on the platform have deposited ETH worth $74.4 million on the app.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
GameStop shareholders should not expect the firm to simply follow in the footsteps of Bitcoin treasury behemoths like Strategy and continue amassing the cryptocurrency, its CEO Ryan Cohen suggested on CNBC’s Squawk Box on Tuesday.
Instead, the firm will follow its own “unique strategy” Cohen said, pointing to the firm’s "very strong" balance sheet with more than $9 billion in cash and marketable securities.
“We made an investment of just over $500 million in Bitcoin, and I look at it as a hedge...
SharpLink Gaming acquired $225 million worth of Ethereum earlier this month, the company said in a press release on Tuesday, adding to its industry-leading holdings.
The Minneapolis, Minnesota-based firm now said it now owns roughly 280,000 Ethereum worth $846 million. The company first purchased the asset just over a month ago.
As of Tuesday, the Ethereum Foundation owned around 217,500 Ethereum worth $655 million across several networks, according to crypto analytics platform Arkham Intellige...
British banking giant Standard Chartered became the first "too big to fail" bank to offer Bitcoin and Ethereum trading through traditional currency platforms on Tuesday, crossing a line that its peers have cautiously approached for years.
The bank will run Bitcoin and Ethereum spot trading services for institutional clients from its U.K. branch, enabling them to execute trades through the same foreign exchange systems they already use.
“Digital assets are a foundational element of the evolution...