$39 mn Drained In DeFi By Malicious Actors In January 2024: Quantstamp
Freind.Tech, a decentralized social media platform built on Coinbase’s Layer-2 platform ‘Base’, has experienced a significant slowdown within four months of its launch. The platform’s rapid transformation from a crypto darling to a deserted project is attributed to its bonding curve, prompting a reflection on lessons learned and redesigning bonding curves in the crypto space.
Ethereum co-founder Vitalik Buterin criticized the platform for using financial speculation as a substitute for fun, stating that blockchain games should be fun as games. However, Buterin remains confident about decentralized social apps like Farcaster and WRT Lens.
(With inputs from Shikha Singh)
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