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The SEC closes investigation into Ethereum 2.0, no securities charges against ETH: ConsensysJune 19, 2024
The idea behind the project is to foster the connection between influencers and users. Friend.tech, a decentralized social media platform built on the Base network, announced Friday that it is developing its own blockchain, called “Friendchain,” in collaboration with Conduit, a crypto-native infrastructure platform. $FRIEND, the native token of Friend.tech, is set to empower the new blockchain. We're pleased to be working with @conduitxyz on Friendchain, our own blockchain that uses $FRIEND as a fully transferable gas token. We'll keep you up-to-date with all the info you need over the coming months as we build out this exciting new chapter. pic.twitter.com/HRa26vfFEX — friend.tech (@friendtech) June 8, 2024 Launched in August 2023, Friend.tech has quickly become a notable player in the SocialFi arena. The platform’s unique model allows users to purchase keys linked to their social media accounts, facilitating direct interactions with influencers. READSHIB Price to Hit $0.00001? Triangle Pattern Points to Major BreakoutKey purchases not only grant chat access but also yield financial benefits, such as a share of the transaction fees and reward points that can lead to token airdrops. Following the launch of its second version and a token airdrop campaign last month, Friend.tech has cemented its position at the forefront of the SocialFi movement. Despite a recent 20% decrease in total value locked, the platform still leads the SocialFi trend with nearly $10 million in TVL as of June 8, according to data from DeFiLlama. At the time of writing, $FRIEND is trading at around $0.95, up 15% in the past 24 hours, according to CoinGecko’s data.
The SEC closes investigation into Ethereum 2.0, no securities charges against ETH: ConsensysJune 19, 2024