SocialFi is a combination of finance and social media that includes decentralization and full control of content creators with control over their data and allows them to interact directly with their users.
Because it adheres to the principle of Decentralization, SocialFi also has advantages over other social media, including having full control over the content they create without any third parties and interacting directly with the audience. And save costs because there is no need for intermediaries in the transaction process.
According to the context above, there is a SocialFi platform that can produce and use the principle of Decentralization, namely Friend Tech (Base)
Friend Tech, simply put, Friend Tech is a social media interaction platform that is given a crypto touch in which users are required to enter codes from other users. This platform provides premium chat services. You can talk to them by buying a key to be able to enter the chat. You can also sell the chat ownership key to other users to make a profit through the price difference.
There are also serious problems regarding Friend Tech, because the requirement to enter Friend Tech is to be connected to an Ethereum base network crypto wallet and to connect Twitter as the initial platform. Because of this Twitter connection, the problem of leaking tech friend base data is serious because it is connected directly to the user's Twitter account, something that may have never been published by the user before can be published, because this platform is still at the beginning of its release and there are definitely still gaps for hackers to enter.
