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What is Friend.Tech?
The viral crypto-based social app, explained
Good morning. A 2009 essay by Y Combinator founder Paul Graham has been circulating among creators like Tim Ferriss and Cleo Abram. It articulates the differences between so-called makers and managersâand suggests creatives should operate on a non-traditional schedule. Now over a decade later we wonder...does it still hold up?
P.S. Congrats to the winner of Colin and Samirâs first Discord Weekend Film Fest, Tonio Guajardo. Wanna join the next one? Check out the Discord here.
Viral Social App Friend.Tech, Explained
Cryptocurrency app Friend.Tech has made $1 million in transaction fees since Monday / Illustration by Moy Zhong
If youâve been on X (formerly Twitter) this week, youâve likely seen someone post about Friend.Tech, the decentralized social app catching the attention of crypto investors, NBA players, FaZe Clan, Nadeshot, OnlyFans creators, and more.
What it is: A social app with a crypto twist. Users can tokenize their likeness by selling âkeysâ of themselves to their followers, who then become shareholders and gain access to exclusive group chats. If followers decide to leave that group chat, they can sell their keys to other users.
Friend.Tech by the numbers, since its launch less than two weeks ago:
100,000+ â how many users have signed up, according to a leaked database
$25 million â how much the app has made in revenue by taking 5% of each transaction
$1+ million â how much the app has made in transaction fees over the last 48 hours
Zoom out: An enthusiastic start doesnât always guarantee sustainable scalability. Take Threads or even BitClout, which had a similar goal of becoming a decentralized social network in 2021. A rocky launch and legal trouble kept it from entering into the mainstream.
TikTok News Roundup: The U.S. Demands Unprecedented Control
The latest TikTok news includes the U.S. government demanding increased surveillance of the app, the development of a TikTok-linked music app, and an increase in self-diagnosed dissociative identity disorder / Illustration by Moy Zhong
Even as questions about a potential TikTok ban in the U.S. linger, the platform continues to make news.
Some headlines weâre watching:
The U.S. government demands unprecedented control over TikTok. The platform and government regulators have allegedly been negotiating a deal for over four years to allow TikTok to continue operating in the U.S., Forbes reported on Monday. A draft agreement from 2022 would have allowed the government to examine TikTok facilities with minimal notice and block changes to the appâs U.S. terms of service, though given the radio silence on negotiations since March, itâs unclear what happened with that potential agreement.
TikTok Music executive details new Spotify and Apple Music competitor. TikTokâs new paid music streaming service, which is currently in beta in Brazil and Indonesia, plans to build a âfull loopâ that allows users to listen to their playlists in the TikTok Music app and then switch over to TikTok to create videos with that music as the soundtrack. âThe young fans, they want to engage with the music beyond just listening full-length,â TikTok Head of Music Development Ole Obermann told Semafor.
Doctors face a rise in patients self-diagnosing dissociative identity disorder (DID). As DID creators open up about their experiences with the conditionâproducing videos that have attracted more than 5 billion views on TikTokâclinicians and advocates differ over whether the emergence of these online communities are a net benefit.
Sponsored by Spotter
The AI Tool Colin and Samir Trust to Brainstorm Better Ideas
Colin and Samir here. đđ»đđœ Earlier this year, we hosted an in-person workshop for top creators. What came out of that event is a tool thatâs now one of our favorite brainstorming partners.
Itâs called Title Exploder and itâs part of a suite of YouTube-specific generative AI tools by Spotter.
Hereâs how it works:
First, type in an idea for a title.
Next, itâll give you choices for workshopping your idea: reverb, rephrase, shorten, or explode.
When you click one of the options, the AI will generate variations of your title based on your channel and the best titles on YouTube. You can keep iterating until you find the best title.
Title Exploder is exclusively for Spotter-Funded Creators, but weâve partnered with them to give 20 YouTubers access to the tool.
Spotter is on a mission to accelerate creatorsâ careers with capital, knowledge, and tools. Theyâve paid out over $775 million to creators like MrBeast, Dude Perfect, Deestroying, Kinigra Deon, and 400 more.
Interested in testing out Title Exploder? If youâve reached at least 1 million long-form views in the last month, apply here.
Kickâs Latest Signing: Soccer Journalist Fabrizio Romano
Sports journalist Fabrizio Romano signs an exclusive deal with streaming platform Kick / X
Journalist Fabrizio Romano, who is known to his over 40 million combined followers across platforms for breaking international soccer news, signed with Kick on Monday.
Romano brings over a decade of experience covering soccer for outlets like The Guardian and CBS Sports, and his first Kick stream on Tuesday involved answering viewersâ questions about the player transfer market.
Zoom out: Romanoâs trademark âHere we go!â catchphrase has become synonymous with confirming when a player transfers to a new teamâlanding him endorsement deals that blur the line between journalist and influencer, The New York Times wrote in 2022.
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Hereâs what weâve been up to with .Store so far this year.*
Logan Paul and KSIâs PRIME Energy drink is now available in Canada with lower caffeine levels.
Illinois passed legislation entitling creators under 16 to a portion of their earnings.
Casey Neistat is speaking at camera store B&H Photoâs first expo in NYC.
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