SocialFi Project Friendzone to Debut on Polygon Blockchain
SocialFi Conducting Friendzone to Debut on Polygon Blockchain
Decentralized social marketplace Friendzone is hopping on the Polygon blockchain for a Feb. 26 starting up, and eyeing a switch to Polygon zkEVM down the street.
The app is presupposed to mix the emotional facets of outdated skool social media with the monetary rewards of Web3 to kind online communities.
In step with CEO Kevin Lu, Friendzone has two major parts. The first is a user-pleasant interface to control connections and social actions. 2d, a deeper layer known as LayerSocial, where builders would possibly well well presumably make modern apps the utilization of the platform’s social connections and data.
“Deciding on @0xPolygon PoS as our native chain changed into once strategic, driven by our believe in their expertise, the absorbing community of builders and users,” the crew said on Wednesday.
♾️ Billions in tag created, yet users are neglected. Social platforms possess long monetized user interactions with minimal return to terminate-users.
We’re indignant to faucet into @0xPolygon to energy the enviornment’s first social capital marketplace. pic.twitter.com/mN9EB0veDt
— friendzone (@friendzone_pro) February 7, 2024
“With Polygon, we are indignant to make the unified layer for social identities, verification and rewards – sparking the main on-chain social circular economy,” it added.
Friendzone Joins the Fray Following Friend.Tech’s Trot
Friendzone’s starting up follows the success of buzzy SocialFi app Friend.Tech closing year.
Friend.tech instant gained over 100,000 users internal a month. Nonetheless by October, user job dropped vastly, and by year-terminate, it passe from recognition.
In direction of the terminate of the year, competitor app Publish.Tech saw a spike in day-to-day trading job.
Distinctive Rewards System
Friendzone claims to possess realized from past experiences. To this terminate, it has created a Web3 social platform with a dynamic pricing curve and constructed-in reward machine. On Friendzone, users salvage rewards for supporting creators or producers, a characteristic enchanting to the platform.
It claims that no single mountainous holder can dominate the market, guaranteeing equity for all who rob part within the community or “friendzone.”
To give a take to creators and producers, Friendzone has created tailored entry controls to provide a take to user-generated instruct in heaps of codecs. These embody deepest alpha groups, bounties, experiences, pay-per-leer, giveaways, raffles, and personalized interactions.
“The coronary heart of a mountainous SocialFi product is accomplished when the rate of the community will increase for every user as more other folks join, creating reinforced engagement loops and a circular economy,” the crew said about its product.
Friendzone changed into once developed by crew members and advisors from Synthetix, Band Protocol, Spark Labs Korea, Immutable, and Pendle.
Source : cryptonews.com
