The cash inflows to the SocialFi app Friend.tech have plateaued, and the number of new members has significantly slowed down. In spite of this, current users are still upbeat as they wait for a way to make money off of Friend.tech points that are airdropped. Less than 400 people signed up for the site every day this week, and cumulative dollar inflows have plateaued at about $35 million, according to DeFiLlama. Compared to the more than 5,000 users that were recruited every day for the most of October, this is a notable decrease.
In other news, users can now list their gaming NFTs for rent on the LootRush gaming NFT rental site. When customers play games with the rented NFTs for brief periods of time, NFT owners can link their wallets to the platform and get paid. By the end of 2023, LootRush CEO Anderson Ferminiano anticipates that the platform’s annualised rental volume will have reached $6 million, opening up further opportunities for Web3 gaming.
Finally, according to CryptoSlam!, NFT volumes have increased for a fifth week running, but they are still much lower than early 2023 levels. David Baszucki, the CEO of Roblox, expressed optimism that items from the well-known online game may one day become NFTs. Meanwhile, harsh lights at the Bored Ape Yacht Club’s ApeFest caused some spectators to sustain eye damage.