Friend.tech, a prominent figure in the web3 social networking arena, has unveiled its partnership with Conduit, a renowned crypto infrastructure service provider, to develop its native blockchain network. Friend.tech recently introduced plans for Friendchain, a distinct blockchain model incorporating the FRIEND token as a transferable gas token. The specific launch timeline for this new project is yet to be determined. The potential departure of Racer, one of the project's co-founders, from the Coinbase-backed Ethereum layer-2 network Base has influenced this decision. The community's response to this announcement has been diverse, with some interpreting it as a natural course for successful decentralized applications while others express concerns about growth limitations. A key advocate for FriendTech, known as The Giver, considers the move as beneficial in the short term but potentially challenging in the mid term for the crypto enterprise. The Giver advocates for prioritizing user acquisition to establish a robust user base, emphasizing the connection with the Base and Solana blockchains for growth opportunities. Since its establishment in August 2023, Friend.tech has emerged as a leading player in SocialFi decentralized applications on the Base network. Users can purchase keys linked to their social media profiles, enabling direct interaction with influencers and offering financial rewards, including a share of transaction fees and potential token airdrops. The recent release of Friend.tech's second version and a successful token airdrop campaign have further solidified its position in the SocialFi movement. Despite a slight decrease in total value locked, the platform maintains its lead in the SocialFi trend with close to $10 million in TVL as of June 8. The FRIEND token is currently trading at about $0.8439, indicating a 15% increase in the last 24 hours based on CoinMarketCap data.