Recently, another Solana asset issuance platform, Trend, was founded. Its founders have impressive backgrounds, having served as senior executives at STEPN and partners at Multicoin. Investors include co-founders, CEOs, and foundation chairs of Solana.
Solana Mafia strikes again, launching the asset issuance platform Trend.
Trend, originally named OpenFriend.Tech, is an on-chain reputation platform based on Friend Tech. Founder Mable Jiang has an impressive background, having served as a senior executive at the running shoe project STEPN and as a partner at Multicoin. Multicoin is a venture capital firm that has invested in Solana since its seed round, generally believed to have a close relationship with the Solana ecosystem.
Trend's investment lineup is star-studded, including Solana co-founder and CEO Anatoly Yakovenko, Solana Foundation President Lily Liu, LayerZero founder and CEO Bryan Pellegrino, Jupiter co-founder Siong, Meow, Pendle co-founder TN Lee, Jambo Technology co-founders Alice Zhang, James Zhang, former CMO of Magic Eden Tiffany, FSL co-founder Yawn Rong, Jerry Huang, and Bonk.fun contributor Nicholas.
And Kaito founder Yu Hu, Drift co-founder Cindy Leow, Multicoin Capital co-founder Tushar Jain, FSL CEO Shiti Maghani, Dragonfly Capital partner GM, Drift co-founder David Lu, Magic Eden co-founder Zhuoxun Yin, Folius Ventures founder Jason Kam, and the well-known Su Zhu.
Trend will tokenize posts; simply copy the link to issue tokens.
On Trend, anyone can tokenize Twitter posts; each post can only issue one token, following a first-come, first-served principle. In simple terms, if Trump tweets today, I can copy that post's link on Trend to issue a token, with buying and selling occurring on Trend through a joint curve.
Token prices are mainly influenced by buying and selling, unrelated to the popularity of the post itself; it reflects capital at work. However, the concept of tokenizing posts seems difficult to differentiate from the claim that everything can be tokenized on Base chain's Zora. Additionally, any celebrity posts that could potentially create a trend will likely be tokenized by those with programming backgrounds using automated methods.
(Official token issuance on Base chain? Base is for everyone, market cap surpasses 20 million USD)
This article interprets the asset issuance platform Trend launched by STEPN executives in conjunction with Solana Mafia. Can the tokenization of Twitter content create a stir? First appeared in Chain News ABMedia.
