News with the tag "Social Finance"

Friend.tech, the decentralized social media application on the Base network, recently launched its native token through an airdrop. Since trading commenced, the token has plummeted, dropping anywhere from 50% to 90% of its initial value across various decentralized exchange (dex) platforms, as repor...

Farcaster has overtaken FriendTech in weekly revenue as it faces its first big test in creating a sustainable system.

Daily active users on the Optimism-based social protocol Farcaster have jumped nearly ten times since the launch of Frames on Jan. 26.

Just a few months back, social finance (socialfi) platforms were the talk of the town, with Friend.tech leading the charge amidst surging popularity. Yet, as the curtains closed on October 2023, this once-celebrated socialfi platform witnessed a sharp decline in user engagement, and data from defill...

The moderators of Reddit's r/cryptocurrency gave up administrative ownership of the contract powering its cryptocurrency called Moons.

Decentralized app Modclub will help OpenChat with content moderation while also launching a facial recognition trial.

Web3 social network platform Sleek has raised $5 million in seed funding via a token round at a $50 million valuation.

Reddit admins are set to fully renounce control over the moons contract by the end of this month and burn over 30% of its total supply.

Web3 software technology firm Aave Companies launched Lens protocol V2 on Polygon during the Devconnect event in Istanbul.

The loss of the team member Kook comes one day after the platform's CEO, who goes by Chill Pill, stepped down.