Friendtech Developing Own Blockchain, FRIEND Token to Fuel Transactions
CryptoNewsTerminal Staff08 Jun, 2024
Friendtech Developing Own Blockchain, FRIEND Token to Fuel Transactions
Friendtech (FRIEND), the decentralized social media platform, is reportedly developing its own blockchain, dubbed "Friendchain." This development was revealed by Crypto Briefing, an industry news outlet, on January 12, 2023. According to the report, Friendtech plans to utilize the FRIEND token as the native gas token for Friendchain. Gas tokens are essential for blockchain transactions, as they facilitate the payment of transaction fees. This move underscores the growing adoption of blockchain technology by social media platforms.
