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- šæ Friend.tech goes viral š²
šæ Friend.tech goes viral š²
Decentralized social app Friend.Tech broke 100K users this week (or at least 100K wallets). Letās dive a little deeper on the latest crypto hype
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Todayās No FOMO newsletter is brought to you byā¦
GM. TWO major updates for the state of AI in the arts this week. And another crypto app went viral. But like web3 viral, aka 100K users. Will it live up to the hype or fade like a meme coin?
We have the answers.
Without Further Ado. ā *knuckle cracks* ā Letās get into it.
Todayās Specials:
No FOMO šæ : Friend.tech Breaks 100K Users š
No FOMO News š° : Youtube Sets AI Music Standards š¤š¶
You Raised? š° : $150mil Deployed Last Week š¤
AI Intel š¤ : AI Art Canāt Be Copyrighted šØ
Group Chat Debate āļø : Are POAPs Actually a Joke? š¤”
Friend.tech Breaks 100K+ Users
Decentralized social app Friend.Tech broke 100K users this week (or at least 100K wallets). Letās dive a little deeper on the latest crypto hype.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/3e1f7805-7fe1-4cbf-a499-571629d5dd05/pasted_image_0.png)
Fast Facts
Friend.Tech has over 100,000 wallets signed up since its Aug 10 launch
The platform has generated over $1.1 million in fees
Major (non-crypto) celebrities like streamer FaZe Banks and NBA player Grayson Allen have made accounts
The platform allows you to buy āsharesā in popular X (Twitter) accounts.
Where itās going:
Who remembers Bitclout? Is that still a thing? There are only two potential outcomes from here:
Friend becomes the new gold standard for speculating on the social prowess of influencers and public figures
OR
This fad fades in the next 6-12 weeks, and 1-5,000 people who made a little bit of $$ on the app will blindly advocate for the app until its inevitable demise
I donāt have a crystal ball, but Iām leaning toward #2 on this one. Weāll check back in around Thanksgiving to see if weāre right. sets reminder on phone
No FOMO News š°
YouTube releases āprinciplesā for working with music industry on AI tech (Cointelegraph)
Hong Kong bets on crypto as sectorās star dims over crackdowns overseas (Al Jazeera)
Oman launches $350M crypto mining center: Report (Cointelegraph)
Nomura-Backed Crypto Custody Firm Komainu Wins Operating License in Dubai (CoinDesk)
Friend.tech Founders Say Viral Crypto App Is Surprising Them Too: 'We Want to Catch Our Breath' (Decrypt)
Thailand Warns Meta to Rein In Crypto Scams or Face Expulsion (CoinDesk)
Blockchain Capitalās Bart Stephens Lost $6.3 Million In SIM-Swap Crypto Hack (Forbes)
AI Intel š¤
AI-generated art cannot receive copyrights, US court says (Reuters)
Singapore workers are the worldās fastest in adopting AI skills, LinkedIn report says (CNBC)
Parkinson's disease could be detected early with AI scans, scientists say (BBC)
Zoom shares jump as CEO says company to develop and deploy AI tools (CNN)
Dipp uses AI to fix bottlenecks between marketing and design teams (TechCrunch)
YouTube releases āprinciplesā for working with music industry on AI tech (Cointelegraph)
You Raised? š°
In the last week, nine companies in the crypto world raised $158 million. BitGo is responsible for most of it pumping their valuation to $1.75B. Here are the highlights:
BitGo: crypto company receives a $100 million investment (Cryptonomist)
ZetaChain raises $27M in equity round to enable chain-agnostic interoperability (Cointelegraph)
Ex-Meta Engineerās Layer-1 Blockchain Linera Raises $6M in New Funding (Coindesk)
Zepeto, Jump Crypto Joint Venture ZTX Raises $13M for Metaverse Platform on Arbitrum (Decrypt)
Hong Kongās Bitcoin Web3 wallet Xverse pulls in $5m raise (FintechGlobal)
Group Chat Debate
PollHave you ever actually looked at your POAPs? |
Shameless Shill + Alpha
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