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Sell Your X (Twitter) Influence | Crypto Daily News Summary Aug. 14

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TokenInsight
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2 years ago
AI summarizes in 5 seconds.

Last week, the decentralized platform called "Friend's Market" friend.tech initiated an invitation-only beta test. The app essentially allows users to tokenize their social network influence and is built on Base.

The platform enables users to purchase stakes in connected Twitter accounts to gain access to private chat rooms with those users. This effectively allows anyone on the app to bet on the social value of other users by purchasing stakes in them, which can be seen as social tokens for each user. The price of user stakes will fluctuate based on supply and demand.

Crypto social media celebrities like Cobie and Hsaka have already joined the platform, and their stakes have been traded at values of 2.4 and 1.3 ETH, respectively, reflecting user interest.

Today's Market

Source: TokenInsight Gainers and losers

Today's Highlights

$CRV emission cut by 15.9%, Curve to compensate hack-affected users

$DAI in DSR reached $1.3 billion, up $1 billion in a week

Other Notable Information

SBF detained in controversial New York jail with tough conditions

DeFi blockchain explorer platform DeBank launched Layer 2 chain using OP Stack

Upbit to list Sei ($SEI)

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Selected Articles by TokenInsight

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