Time.fun’s latest move comes after a trial deployment on the Base network last year, which, by the company’s standards, was largely successful.
By Mayowa Adebajo
Edited by Marco T. Lanz
Updated
2 mins read
The tokenized time sector looks to be taking off at the moment, and it appears that Time.fun may be at the center of this cause. This follows after the platform officially launched on the Solana blockchain, according to a Monday publication by The Block.
Time.fun’s latest move comes after a trial deployment on the Base network last year, which, by the company’s standards, was largely successful.
According to founder Kawz, there is no doubt that Time.fun was well received when it initially launched on the Ethereum Layer 2 network Base in 2024. He noted that the platform saw well over $2 million of trading volume during its time on Base.
However, Solana remains the alternative that suits Time.fun’s long-term growth plan better, the founder said. He explained that redemption was a major challenge that came with the beta version. This meant that redeeming time for calls took place outside of the platform, making tracking difficult and user experience altogether less interesting.
With the new version, however, the company says communication now takes place on the platform. Now, buyers can be refunded if they do not redeem their time.
The concept of paying someone for their time is relatively new. However, Time.fun prides itself as a pioneer in the field.
Not because it is the first in the space, but because users may buy the time of their favorite celebrities on the platform and redeem the same to have a private chat or call with them.
Its one-on-one conversation style is unlike FriendTech, which focuses more on group chats. Additionally, the time itself is tokenized and can be traded to determine the market price for interacting with that person.
While its tokenized time already comes with interesting features, Time.fun has plans to do even more with Solana’s scalability.
For instance, there are plans to introduce voice and video calls to improve the user experience. That is not to mention that the company is also currently mulling over the idea of launching its own token to unify its ecosystem and encourage more participation.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
