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TechFlow news — Andrew Kang, co-founder of Mechanism Capital, posted a tweet stating that if Friend.tech succeeds on a particular blockchain, it could spark another wave of development for L1/L2 platforms.
He believes this would drive demand growth for L1/L2 networks, similar in a smaller scale to what DeFi (decentralized finance) and NFTs (non-fungible tokens) have done so far.
Andrew Kang, co-founder of Mechanism Capital, tweeted that if Friend.tech succeeds on a blockchain, it could spark another wave of development for L1/L2 platforms. He believes this would drive demand growth for L1/L2s in a way similar to how DeFi and NFTs did so at a smaller scale (for now).
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