TL;DR
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Friend.Tech is a platform that essentially let you sell access to your DMs, to your followers.
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The app’s daily revenues have dropped by over 95%, from a peak of $840,000 on Aug 21 to just $80,500 on Sunday.
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Which might mean the developers behind the app need to innovate and add more features to keep users engaged…it might mean they need to pivot and build a new product all together; OR it might mean that not everything in our lives needs to be the subject of financialization.
Full Story
Did Friend.Tech just have its ‘frozen yogurt moment’ (it was everywhere → now it’s not)?
ICYMI: Friend.Tech is a platform that essentially let you sell access to your DMs, to your followers.
They’d buy one of your ‘shares’ (later rebranded as ‘keys’) → get access to your DMs → and could sell their purchased shares later on (potentially at a profit).
Anyways, there’s new data that shows the Friend.Tech hype-train coming to an abrupt stop.
The app’s daily revenues have dropped by over 95%, from a peak of $840,000 on Aug 21 to just $80,500 on Sunday.
So, what does this mean exactly?
It might mean the developers behind the app need to innovate and add more features to keep users engaged…
It might mean they need to pivot and build a new product all together.
(Crazier things have happened – Slack was a gaming company before it became everyone’s favorite office chat tool).
OR
It might mean that not everything in our lives needs to be the subject of financialization.
…and that selling ‘shares’ of ourselves flies a little too close to the plot of ‘The Unincorporated Man.’
(Even for crypto degens).
