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The FriendTech independent blockchain project has sparked discussions on the development of the Web3 social ecosystem.
FriendTech plans to launch an independent Blockchain, sparking discussions about its impact on itself and the Base ecosystem.
Recently, there have been reports that the social platform FriendTech is planning to launch its own proprietary Blockchain, Friendchain. This move has sparked widespread discussion in the industry regarding the future development of FriendTech and its potential impact on the Base ecosystem.
To delve deeper into this topic, several industry experts recently held a roundtable discussion. The guests participating in the discussion included 0xLuo, who is deeply involved in the Farcaster ecosystem, independent researcher Haotian, QiaoLiang, the founder of RealDegenCast, and Wendy, an investor from an investment firm.
The discussion first focused on the currently mainstream Web3 social protocols, including Nostr, Farcaster, Friend.tech, and Lens. Experts analyzed the similarities and differences of these protocols in terms of technical architecture, user experience, and community operation. They believe that although these protocols all aim to create decentralized social networks, their implementation methods and focuses differ.
Experts are cautiously optimistic about whether these social protocols can become the "Web3 version of Twitter." They point out that while these protocols may outperform traditional social platforms in certain aspects, there are still many challenges to truly replace the existing giants, including user habits, network effects, and regulatory compliance issues.
The focus of the discussion then shifted to FriendTech's decision to launch an independent Blockchain. Experts analyzed the potential advantages and risks that this initiative might bring. On the advantage side, an independent Blockchain could provide FriendTech with greater technical autonomy and flexibility; on the risk side, there could be issues such as ecosystem fragmentation and difficulties in user migration.
Experts also compared Friendchain with other emerging blockchain projects, such as Degen Chain, noting their similarities and differences. They believe that while these projects all aim to optimize blockchain performance for specific application scenarios, their respective technical routes and target user groups may vary.
In addition, the discussion also touched on rumors of Farcaster potentially launching a token. Experts explored the potential impact of the token economic model on the development of social protocols, as well as how to balance incentive mechanisms with user experience.
Finally, the participants engaged in in-depth discussions on whether Web3 social protocols need to "break out of the circle" and how to attract more ordinary users. They believe that while technological innovation is important, the key to the future success of these protocols lies in whether they can provide a unique value proposition and an excellent user experience.
Overall, FriendTech's decision to launch an independent Blockchain has sparked widespread reflection within the industry regarding the future development direction of the Web3 social ecosystem. Regardless of the final outcome, this move will have a profound impact on the decentralized social space.