"Hard Pass For Me Big Dawg" Reddit Users Weigh in on Friend.Tech

 Social media accounts are an essential part of our identity. A place to share memories, connect with family and friends, debate hot threads on the digital town square and catch the trending news of the day.

But when does our digital life become as important as the physical realm? Monetization in social media has created the influencer. The fan base that interacts with their content is as valuable an asset as the ad revenue and sponsorships they receive. 

“This is a brand new social app,” CryptoTube said of the release of Friend.Tech, “something we haven't really seen before. It allows you to buy and sell shares of people on the Twitter app.” 

FriendTech is bringing competition to the trailblazer BitClout, an app that allows influencers and celebrities to create their own crypto currencies and promote sales through their online presence. 

“You’re essentially buying and selling,” CryptoTube said. “You’re trading social profiles of people and trying to see if they can accrue value to their communities. As per when BitClout launched, there’s a lot of hopes and dreams behind this. We don’t know if it will take off.” 

According to Cointelegraph, Friend.Tech “allows users to purchase shares of their friends and influencers, which in turn grants them access to a private chat with that user.” 

The Crypto market has faced tremendous uncertainty since its October 2021 peak. Bitcoin is sitting at less than 50% of its previous all time high, Dogecoin never “mooned” over that $1 target and few have used the meme coin to purchase a Tesla. 

Legendary weighed in on an X thread predicting “I think the platform will collapse as BitClout did. We are in a bear market, and there's nothing to do. Everyone jumps on an opportunity to make money, but I think the platform will be done within the next weeks to months.” 

Altcoin Daily reported on X that:

“#Friendtech has generated over $1M fees in 24h, surpassing the Uniswap & Bitcoin network. $ETH #Base”

Reddit user u/NaturephilicReaction posted:

“This is not a token shill as the app has no token, although there are hints of an airdrop in 6 months. The app is currently in beta mode so it requires you to have an invite code to join. Invite codes are all over Twitter and should be very easy to source. You can only create an account for friend tech by logging in with your Twitter which makes sure there are no scammers and impersonators. Once you are in you fund your account through base eth. Then you can start buying shares of crypto people on Twitter. Once you own a share you get access to their chat group. This sounds like a paid group right? But no, you can also sell those shares if you feel like the group isn't worth it for you.”

This prompted the response from Nutcase420:

“I’ve seen this platform everywhere. And I don’t feel good about it.”

And SetoXlll said:

“This is a hard pass for me big dawg.”

X user CryptoNova commented on monetized clout:

“Seems like I'm the odd duck in the group for not joining #FriendTech. I thought we already have this amazing free platform to engage with each other without a cost. Am I weird?”

As we explore the frontier of monetized social media interactions, what assurance will users have that posts from their favorite celebrities, influencers and others will remain free? Will Friend.Tech take the crypto market to the moon or is this another money grab users don't want?