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Empire
Friend.tech Debate: Innovation or Implosion? | Ansem
Aug 22, 2023
Ansem, expert in Friend.Tech and its impact on independent artists and social tokens, joins to discuss the potential of Friend.Tech, including personal token trading, ethical considerations, future potential of social tokens, and the comparison with BitClout. Other topics include social token price manipulation, harm caused by social tokens, and fan base monetization.
01:22:11
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Quick takeaways
- Friend.Tech allows users to trade tokens associated with their online profiles, enabling independent artists to monetize their influence and engage with their fan base.
- Friend.Tech's incentive system aims to encourage user activity and participation within the platform, but its success will depend on effective control to prevent gaming or manipulation.
Deep dives
FriendTech: A Platform for Betting on Creators
FriendTech is a new platform that allows users to buy and sell shares of individual creators. The platform aims to provide a way for fans to bet on the success of their favorite creators and participate in their upside. The shares are tied to the performance and popularity of the creators, allowing fans to benefit if the creators grow in popularity. The platform also includes features like private chats and access to exclusive content for shareholders. While there are concerns about price manipulation and speculation, FriendTech presents an opportunity for fans to engage with creators on a deeper level.
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