FriendTech, a web3 social network, is planning to launch its own blockchain called Friendchain, marking a significant development for the company and the base chain. According to experts, this move could have far-reaching implications for the tech industry as a whole. Friendchain will utilize FriendTech's native token as a fully transferable gas token, but the protocol has not yet specified a timeline for the move.

The launch of Friendchain is not entirely surprising, given recent comments from FriendTech co-founder Racer suggesting a desire to migrate away from Base, the Ethereum Layer 2 network. The move has sparked debate about the potential benefits and drawbacks, with some experts noting that it could lead to greater decentralization and others expressing concerns about the impact on liquidity and trading dynamics.

The panelists also discussed the potential for social protocols like FriendTech to break out of their circles and achieve wider adoption and success. Some argued that this is necessary for the long-term viability of such protocols, while others believed that it is possible for them to succeed within their existing circles.

The launch of Friendchain is being closely watched in the tech industry, with many awaiting the potential impact on the future of social protocols. As the development of the blockchain progresses, FriendTech has promised to keep its users informed, and the industry will be watching closely to see how it unfolds.

The move by FriendTech to launch its own blockchain highlights the ongoing evolution of the tech industry, as companies continue to explore new ways to innovate and stay ahead in a rapidly changing landscape. As the launch of Friendchain approaches, all eyes will be on FriendTech to see how it unfolds and what it means for the future of social protocols.