SocialFi appears poised to become the next significant trend within crypto and just as there are rivals like Coca-Cola & Pepsi, BMW & Mercedes, in socialfi there is now Friend.Tech & Post.Tech.
From a tech perspective, Post.Tech harnesses the power of Arbitrum, known for its cost-effectiveness + speed. In contrast, Friend.Tech operates on Coinbase's Base L2, offering scalability + security. Despite being a relative newcomer, Post.Tech has managed to make waves generating just under $1 million in revenue since its inception. However it still has a long way to go to match the more mature financial model of Friend.Tech, which has accumulated over $14 million in protocol fees.
Currently Post.Tech boasts a UI that offers a more social media feel to it, while Friend.Tech looks more basic and is kind of just a messaging application right now. One area where Friend.Tech unquestionably leads is its team, with Coinbase/Paradigm backing, as opposed to Post.Tech's anonymous founders, which always carry a level of risk in terms of accountability.
With Post.Tech though the ability to explore an intriguing concept of turning individual posts into tradable assets really stands out to me. Show Less
2
