Friendtech is leaving Base in favor of its personal native blockchain, constructed with the help of Conduit.
SocialFi app Friendtech has unveiled plans to construct its personal native blockchain, dubbed Friendchain, which might be developed with the assistance of Conduit, a platform for rapidly deploying rollups on Ethereum-compatible networks.
The transfer comes as every day lively customers (DAU) and the worth of the FRIEND token are each close to all-time lows.
Conduit allows customers to “deploy a rollup in minutes, not months.” The no-code platform birthed different standard rollup chains equivalent to Zora, Aevo, and Orderly.
Following its launch in August final yr, Friendtech took the crypto house by storm, and amassed $50 million in charges in underneath 3 months. Nevertheless, utilization, charges, and sentiment surrounding the social-fi dApp have fallen drastically since their October 2023 highs.
FRIEND is up 18% previously 24 hours, buying and selling at a $85 million market capitalization.
