Crypto users are increasingly turning attention to new SocialFi apps, but analysts say it’s probably too early to say whether “SocialFi season” has arrived.
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The price of AVAX has surged more than 8% amid heightened network activity brought about by Friend.tech look-alike Stars Arena.
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Patreon creators had difficulties getting paid in August, while OnlyFans once tried to ban porn on the platform, forcing creators to look at alternatives, including Web3.
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User activity on friend.tech has witnessed a major resurgence after briefly fizzling last week.
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Friend.tech warned users who choose to jump ship to “forks and copies” will see their existing points forfeited.
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Buyers, sellers, inflows and transactions have all taken significant dives on the Friend.tech platform after its launch just over two weeks ago, prompting some critics to herald its death.
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Friend.tech has hit back at a report which suggested that its API “leaked” personal data of its users.
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Most crypto industry heavyweights have been bullish about the new decentralized social media app friend.tech, but some critics warn it’s getting too hot too quickly.
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