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Friend.tech token drops 26% after team shirks control of smart contracts

[Sep 9 2:05 AM] Friend.tech transferred control of some of its smart contracts to a null address, which can never be reversed.

Pip World Buys Roblox Stock Simulator Game for Undisclosed Price

[Aug 10 2:30 AM] Stockrise, Roblox’s highest-grossing stock simulator game, has been acquired by the socialfi gaming platform Pip World for an undisclosed price. The acquisition is expected to help Pip users develop practical risk assessment and trading skills. The…

DWF Labs Launches $20 Million Cloudbreak Fund

[Jul 4 10:45 AM] DWF Labs announced the launch of a $20 million Cloudbreak Fund aimed at supporting Web3 projects in Chinese-speaking regions. The fund will provide investments and strategic resources to help emerging projects achieve their potential. DWF Labs…

DWF Labs launches $20M fund for Web3 projects in China

[Jul 3 8:00 PM] The Cloudbreak Fund will invest in gaming finance, social finance, memecoins, derivatives, and layer-1/layer-2 projects across Chinese-speaking regions.

Pixelverse Raises $5.5 Million to Expand Web3 Gaming Ecosystem

[Jun 12 11:20 AM] Pixelverse, a developing entertainment studio and game ecosystem, has secured $5.5 million in a private funding round led by prominent Web3 venture capital firms. The funds are intended to support the growth of Pixelverse’s gaming platform…

Investment Firm Franklin Templeton: Base to Lead Ethereum L2 Sector, Powered by Socialfi

[May 12 9:36 PM] Franklin Templeton, a global investment behemoth, has praised the development and growth of Base, the Coinbase-incubated Ethereum L2. On social media, the company declared that Base had “hit a home run” due to its popularity with meme…

Base set for ‘material share’ of SocialFi activity: Franklin Templeton

[May 9 5:55 PM] Base is already home to 46% of transactions related to SocialFi on-chain, but the asset manager says it has even more room to grow.

Crypto degens ‘hungry’ for next big SocialFi breakthrough — K33 Research

[May 8 9:58 PM] Crypto users are increasingly turning attention to new SocialFi apps, but analysts say it’s probably too early to say whether “SocialFi season” has arrived.

Friend.tech’s FRIEND Token Airdrop Faces Steep Decline Since Market Debut

[May 3 8:33 AM] Friend.tech, the decentralized social media application on the Base network, recently launched its native token through an airdrop. Since trading commenced, the token has plummeted, dropping anywhere from 50% to 90% of its initial value across…

Legendary Boxer Mike Tyson Joins Blockchain Social Network

[Apr 19 8:10 PM] Boxing legend Mike Tyson has become an ambassador for the blockchain-based social networking app, Ready to Fight. Tyson describes Ready to Fight as a boxing-centric social network that assists boxers and the boxing community with their business…

‘Real-World Implementations of Both AI and Web3’ Fuel AI Tokens’ Rally, Says Daniel He

[Apr 16 5:19 AM] With socialfi platforms, financial incentives serve not only as a reward mechanism for content creators but also “fundamentally transform the engagement model for all users,” Daniel He, the CEO of the artificial intelligence…

Socialfi Expands Satoshi Nakamoto’s Vision of a Defi System to Social Media, Says Kevin Lu

[Mar 27 4:00 AM] According to Kevin Lu, social finance, or “socialfi” — a combination of social media and decentralized finance — is an innovation that extends Satoshi Nakamoto’s vision of a decentralized financial system to social media. Although it’s

Socialfi’s Shining Star Friend.tech Dims: A Tale of Decline and Disinterest

[Feb 4 12:30 PM] Just a few months back, social finance (socialfi) platforms were the talk of the town, with Friend.tech leading the charge amidst surging popularity. Yet, as the curtains closed on October 2023, this once-celebrated socialfi platform witnessed a…