By Michael Scott
The esports and gaming giants Faze Clan joined Nordan and Nadeshot in the list of top earners in the newly launched Friend.tech application.
The reputable esports personalities Ricky Bengston and Nordan Shat, popularly identified as Faze Banks and Faze Rain, respectively, top the list of highest passive earners in the newly unveiled platform Friend.tech. The duo earned $92000, with Nordan taking the least amount at $19000.
Esports Influencers Join Social Token Application’s Top Earners
The esports influencers are joined on the top earning list by 100 Thieves chief executive Matthew Haag, popularly identified as Nadeshot. The executive derived $27000 income passively since joining the closed beta version.
The social application token has been a browser-based platform since launching on the Coinbase-owned Base network. Base involves a layer 2 Ethereum network unveiled by the leading US crypto exchange in transaction volume, Coinbase.
The Friend.tech application deploys a unique design allowing the users to trade keys tied to accounts of individuals. It mirrors social tokens, allowing the key holders to chat privately with the individuals.
Friend.Tech Rewards Account Individuals With Passive Income
Acquiring the key tied to the individual whose wallet address connected to the Twitter account. It grants access to the dedicated group chat, constituting a typical assembly for the holders.
The acquisition and selling of keys earns the account’s individual a small fee. The fee constitutes a percentage of the sale denominated in Ethereum. Such is evident in Faze Banks’ Sunday, August 20 tweet promising to send 5 ETH to one of the key holders upon attaining the pole position on the Friend.tech application.
A review of data presented on the Dune Analytics dashboard indicates that Banks, who co-owns FaZe Clan, has realized $1656,000 in trading volume. The volume earned Banks over 49.55 ETH passively through transaction fees. It implies that since joining the application on Sunday, August 20, he earned $82,825.
Nadeshot Among Top Passive Earners in Friend.Tech Application
FaZe Rain, who joined fellow content creators registered on the platform on Monday, August 21 earned 11.3 ETH in a day, translating to $19000 from 226 ETH trade volume. Nadeshot, famous for his professional involvement in Call of Duty and establishing the 100 Thieves brand, joined the social token application on Sunday. The account attracted 322 ETH in key volume trade, earning him $27000 in 16.13 ETH.
Besides the FriendTech application, Nadeshot is emerging as a household name within crypto. Previously, 100 Thieves issued Polygon nonfungible tokens (NFTs) exceeding 300,000. The issuance that occurred in February 2022 marked the celebration of the League of Legends win. Nadeshot had rocked the CryptoPunks NFT as the X (previously Twitter) profile.
Banks emerged as regular traders of valuable NFTs. that include the CryptoPunks. Banks in the past faced accusations for alleged involvement in pump-and-dump crypto scams.
Friend.tech still attracts interest since launching on August 10 as a closed beta. Although a restricted platform, its popularity has grown, yielding over 1.68 million keys trade.
Also, the platform has witnessed 1.34 trades, as illustrated by the Dune dashboard’s data. Further, the social token application has generated 2,214.12 ETH in fees. Despite the growing usage, Friend.tech is invite-only, with the developers unclear on its availability to the broader audience.