Friend.tech, a pioneer in web3 social networking, has announced a significant development in its partnership with Conduit. The collaboration aims to create Friendchain, a blockchain specifically designed for the $FRIEND token, enhancing smart contract automation and performance in web3 social media.

This initiative marks a strategic move towards greater platform independence, as expressed by co-founder Racer last May. The new blockchain will feature the $FRIEND token as a fully transferable gas token, ensuring a seamless transition. While the exact launch date remains undisclosed, the platform promises to keep stakeholders updated on its progress.

The community and analysts have responded with mixed reactions, viewing this move as either a natural evolution or a potential growth hindrance. The Giver, a prominent Friend Tech advocate, believes that the platform should focus on user acquisition by leveraging its existing ties with Base and Solana. He suggests that balancing immediate value capture with long-term sustainable development is crucial for realizing the platform's ultimate vision.

Despite a recent 20% decline in total value locked (TVL), Friend.tech remains a leader in the SocialFi movement, with nearly $10 million in TVL. The announcement has boosted the FRIEND token's value by 15%, reaching $0.96. As the platform continues to evolve, its dedication to innovation and independence is evident.

In conclusion, Friend.tech's introduction of Friendchain and the $FRIEND token marks a significant milestone in web3 social media development. This move towards autonomy and performance enhancement will undoubtedly shape the future of decentralized social networking.