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Decentralized social media app Buddy.Tech is making headlines after it performed a reported 100,000 transactions in quantity in a single day – believing to have even eclipsed OpenSea.
What’s Buddy.Tech?
One of many hottest apps on Base, Buddy.Tech, tokenizes crypto personalities by permitting customers to purchase and promote “shares” of individuals, which fluctuates in accordance with provide and demand. Possession of those “shares” then grants a person entry to a personal chat with that individual
It served as one of many first gamers who ventured into decentralized social media, whereas seemingly gaining important traction previous to it devolving, because of its @TweetDAO venture – an NFT which granted entry to posting from a shared Twitter account.
Its developer, who goes by the title @0xRacerAlt, was additionally the lead developer of @TweetDAO.
“The extra buying and selling and hypothesis on you, the more cash you make,” tweeted Coinbase’s Senior Workers Software program Engineer Yuga Cohler (@yuga.eth).
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At present, the social media app is in beta, invite-only by way of referral codes that Cohler has been generously sharing throughout X.
Cohler additionally shared that because of the app’s surging recognition, it barely works because of the “extreme visitors,” noting that the app’s information latency is bigger than 10 seconds.
“The extra referrals, the extra ‘factors’ you get airdropped each Friday,” Cohler posted.
One person, who goes by the title of @functi0nZer0, put collectively a spreadsheet that outlines what he believes is the pricing mannequin for Buddy.Tech, however isn’t confirmed.
Will This Frenzy Final?
Whereas Buddy.Tech may very well be in comparison with earlier makes an attempt by apps like BitClout and DeSo Protocol, the neighborhood appears to assume this execution is way totally different, because of the “tech selections” and “go-to-market technique.”
As for whether or not this may final past the present hype stage, that continues to be to be seen. Nevertheless, it does put an fascinating (and weird) perspective on assessing a person’s measured self-worth within the crypto house.
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