Friend.tech Gears Up for V2 Launch

The decentralized social media platform, friend.tech, is gearing up for a significant update with the impending release of version 2. As anticipation builds, the platform recently announced the completion of a crucial snapshot for a 100% airdrop of its FRIEND token, signalling a major shift towards enhancing user engagement and platform functionality.

Version 2 promises to revitalize the platform with innovative features aimed at deepening user interaction and investment. One of the highlights is the introduction of the Money Club, a new functionality that enables communities to manage shared treasuries and mint tradable on-chain collectibles, such as NFTs and meme coins. This feature is poised to transform how users engage with the platform, offering more tangible benefits and incentives for active participation.

In addition to Money Club, friend.tech is enhancing its infrastructure with a sophisticated point system slated for use in the forthcoming airdrop. This system will go live alongside other updates next week when points balances are migrated onchain, marking a significant technical milestone for the platform.

The excitement around version 2 has already sparked a resurgence in activity on friend.tech, with trading, fees, and overall activity witnessing a sharp increase. This surge is reflected in the platform’s total value locked (TVL), which currently stands at $34.4 million. While this figure is below the peak of $52 million observed in October, it represents a robust recovery from a period of declining user engagement.

Furthermore, friend.tech is introducing custom curves, allowing users to tailor engagement metrics. This enhancement, coupled with usability improvements such as customizable chat spaces with polls, raffles, and visual themes, aims to create a more personalized and dynamic user experience.

The anticipation for version 2 was echoed by crypto investor John Wang, who hinted at the platform’s long-term aspirations in a recent Twitter thread. “V1 was the beta,” he stated, “This time around FT is planning to stay. You’re not positioned yet, are you anon?”