Glossary

Friendtech: A platform that allows artists and other content creators to monetize their work and engage with their community. Friendtech offers social tokens with built-in liquidity, gated chats, and a self-regulated market for keys. It also integrates with Twitter, making it easier for users to find and connect with content creators.

Key: A digital token that grants access to gated chats and other exclusive content on the Friendtech platform. The price of a key is determined by a bonding curve, meaning it goes up if more people are buying and goes down if more people are selling.

Keyholder: An individual who owns one or more keys on the Friendtech platform. Keyholders have access to exclusive content shared by the key's issuer and can participate in the self-regulated market for buying and selling keys.

ERC-721: A standard for representing unique digital assets on the Ethereum blockchain. Often used for minting unique pieces of art, known as 1/1s, that can be bought, sold, and traded.

ERC-1155: A multi-token standard on the Ethereum blockchain that allows for both fungible and non-fungible tokens. It is often used for minting editions of art that can be bought, sold, and traded.

When thinking about the difference between ERC-721s and ERC-1155s, think of 1155s as a stackable item in a video game, such as a potion you can hold many of in your inventory, and 721s more similar to a unique in game character, which only one can exist of in the whole game.

ERC-20: A technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. ERC-20 defines a common list of rules that all Ethereum tokens must adhere to, allowing for seamless interaction between various tokens and decentralized applications on the Ethereum network.