Following the meteoric rise of friendtech, the social app on Base, all eyes were on Social Finance or SoFi. Their innovative share model sparked excitement in times of generally low on-chain activity and got people “gambling” again.
Given this success, the open-source nature of friendtech’s smart contracts led to a variety of forks. This is not necessarily a “bad thing”, as transparency is one of the key values of the space, competition can be healthy, and different minds can give the same idea different flavors.
But how does the SoFi landscape look now, what happened to all the friendtech-like projects, and most importantly, are there any investment opportunities within that landscape?
To answer these questions, this...