$102,502.00
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0.00%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.
Rektguy didn’t mint out its free NFTs on the Ethereum blockchain in 2022—but three years later, the brand has become incredibly familiar with the phrase “sold out,” with the Rekt Drinks brand clearing out successive drops and reaching more and more consumers along the way. The brand, which weathered a brutal crypto bear market thanks in part to the strength of its fervent community, has now sold more than 600,000 cans of Rekt Drinks, a non-alcoholic, flavored sparkling water that comes in a vari...
Two top Wall Street analysts are confident many top altcoins ETFs will imminently be approved for trading—so confident, they’ve now estimated the likelihood of such spot approvals coming before the end of the year at almost 100%. Solana, XRP, and Litecoin spot ETFs are near-locks at 95% odds of approval from the U.S. Securities and Exchange Commission by the end of 2025, the analysts, Eric Balchunas and James Seyffart of Bloomberg, wrote Friday. Dogecoin, Cardano, Polkadot, Hedera, and Avalan...
Bitcoin holding company Nakamoto Holdings, the firm founded by crypto media entrepreneur David Bailey, has raked in an additional $51.5 million to establish a Bitcoin treasury—a corporate strategy that has become increasingly popular among public companies. The funds were raised in a private-investment-in-public-equity deal closed on Friday by Nakamoto's merger partner KindlyMD, according to KindlyMD's statement. The healthcare data firm sold its common stock at $5 per share in the raise. "Ad...
