Blockchain-based social media platforms experienced a surge in popularity last year, but the landscape has evolved in 2024. Investors are diversifying their interests, shifting towards areas like AI, PolitFi, and other emerging sectors. Amidst these changes, FriendTech, a key player in Web3 social media networks, made a significant move by partnering with Conduit, a crypto infrastructure service provider, to launch its blockchain network.

The latest announcement from FriendTech regarding the collaboration with Conduit has reignited interest in last year's popular altcoin, sparking movement within the crypto community. This strategic partnership signifies FriendTech's commitment to innovation and expanding its presence in the blockchain domain.

Friendchain, the blockchain network developed through this collaboration, is set to leverage the native token $FRIEND as a fully transferable gas token, enhancing transactional capabilities and network efficiency. While specific details about Friendchain's timeline and roadmap are yet to be revealed, the announcement alone has already led to a 15% increase in the platform's token value.

The inception of FriendTech in August 2023 marked a rapid rise to fame, particularly within the BASE network, where it emerged as one of the most sought-after applications. Recognizing the potential in the SocialFI sector, FriendTech introduced a novel structure integrated with Twitter accounts, enabling influencers to monetize their presence on the platform. This innovative approach not only empowered influencers but also facilitated organic advertising and content promotion.

The strategic collaboration with Conduit represents a strategic pivot for FriendTech, aiming to establish Friendchain as a robust and scalable blockchain network. By harnessing the capabilities of blockchain technology, FriendTech seeks to enhance user experiences, improve network security, and foster a decentralized ecosystem conducive to innovation and growth.

The growing trend among crypto protocols to develop native networks aligns with the industry's emphasis on layer2 solutions and decentralized infrastructure. FriendTech's decision to embark on this journey reflects its vision for long-term sustainability and resilience in the ever-evolving blockchain landscape.

As FriendTech progresses with the implementation of Friendchain, stakeholders and enthusiasts eagerly anticipate further developments, including the unveiling of a comprehensive roadmap, strategic partnerships, and technological advancements. This partnership with Conduit underscores FriendTech's ambition to carve a niche in the Web3 ecosystem and redefine the future of social media through blockchain innovation.