In this article, we will delve into the world of web3 social applications and provide a detailed comparison of two popular platforms: OpenChat and friend.tech. We will discuss their unique features, use cases, and potential advantages to help you better understand these innovative applications.
OpenChat: A Truly Decentralized Alternative to WhatsApp or Telegram
OpenChat is a decentralized messaging service that functions much like existing messaging apps such as WhatsApp and Signal. However, it runs entirely on the Internet Computer, the world's first internet-scale blockchain. This means that OpenChat offers a secure and private environment for users to communicate without the need to share their personal data with third-party services.
Key features of OpenChat include:
- End-to-end encryption for secure messaging.
- Decentralized infrastructure for enhanced privacy and security.
- Ability to send messages to other users, with read receipts and typing indicators.
- Integration with Internet Identity blockchain authentication technology.
friend.tech: A Social App for Web3
friend.tech is a social app for web3 that focuses on the trading of shares, or "keys," to unlock chatroom followers. Users can purchase shares of a creator's account or their friends at the base price, and as the network grows, the share prices appreciate, benefiting both the creator and the shareholders.
Key features of friend.tech include:
- Trading shares, or "keys," to unlock chatroom followers.
- Ability to shares of a creator's account or their friends.
- Share prices appreciate as the network grows, benefiting both the creator and the shareholders.
- A unique approach to social networking that emphasizes the value of one's network and connections.
Comparing OpenChat and friend.tech: Use Cases and Advantages
OpenChat and friend.tech cater to different use cases and offer distinct advantages to their users. OpenChat is an excellent option for those looking for a secure and private messaging platform that is not reliant on centralized services. On the other hand, friend.tech is ideal for those interested in exploring the concept of social trading and the value of one's network and connections.
Here are some key points to consider when comparing the two platforms:
- Security and privacy: OpenChat offers end-to-end encryption and decentralized infrastructure for enhanced security and privacy, while friend.tech's focus is on social trading and network valuation.
- Messaging features: OpenChat provides a more traditional messaging experience with features like read receipts and typing indicators, while friend.tech focuses on trading shares and unlocking chatroom followers.
- User experience: OpenChat is designed to be user-friendly and familiar to users of existing messaging apps, while friend.tech offers a unique and innovative approach to social networking.
Overview of Daily Active Users
OpenChat:
- Definition: The number of distinct users online on a daily basis.
- DAU: ~2.6k
friend.tech:
- Definition: The number of distinct "key" buyers and sellers on a daily basis.
- DAU: 282
OpenChat: A Closer Look
OpenChat is a fully on-chain application, meaning its backend and frontend are both built on a smart contract platform. This allows for a seamless and transparent user experience, making it easy to track the number of users online on a daily basis. With around 2.6k daily active users, OpenChat has established a strong presence in the web3 social application space.
friend.tech: A Unique Approach
friend.tech, on the other hand, has a different approach to measuring daily active users. Instead of focusing on the number of users online, it counts the number of distinct "key" buyers and sellers on a daily basis. This unique approach to user engagement is a reflection of its business model, which centers around the trading of keys. Despite its unique approach, friend.tech has a smaller user base with 282 daily active users.
Conclusion
In conclusion, both OpenChat and friend.tech offer unique and innovative solutions in the world of web3 social applications. By understanding their features, use cases, and advantages, you can make an informed decision on which platform best suits your needs and preferences. Whether you're looking for a secure and private messaging experience or an innovative social trading platform, OpenChat and friend.tech have you covered.
