Frustrated buying another fake account? Bought a promising influencer only to find out your key is not rising, while seeing a low engagement accountβs key price skyrocketed? Scratching your head whether you should all in #Manifold, #Metakeys, #friendtechindex?
FriendTech is part of a wider thesis that we have been discussing at Manifold. We will be publishing a longer write-up in the future.
Previously, Web3 applications were focused on onboarding existing crypto-native / DeFi users who were already familiar with the crypto stack.
But we see a new direction here where consumer-friendly applications are finally taking the stage. Through app-layer infrastructure like @privy_io, FriendTech managed to onboard thousands of new users who learned about the app first and then crypto wallets second.
We don't see this stopping here. In the coming months we will see new consumer applications that seamlessly onboard non-crypto native users. A positive net inflow that has not happened in a very long time.
As investors in the space, we want to participate in the ecosystem directly, similar to what we do with our other portfolio companies.
The best investors are the biggest power users of the space.
We plan to be extremely active in these new consumer apps, including but not limited to FriendTech. As a prop firm, we are extremely flexible in where we allocate our time and balance sheet.
We believe FriendTech is still early. TVL is still at its infancy, and at a level where we could even double the TVL with just one account if we saw fit. We are looking to buy from blue chip keys to cheap keys in order to build a diverse portfolio. Please share us your accounts!
We will also help new large Twitter accounts onboard to FriendTech by running the snipe prevention we did for @CL207 basically for free. We would simply prefer if these accounts hold at least one Manifold key in good faith.