Friends With Benefits Launches Friends With Builders Program for Web3 Innovation
The Friends With Benefits (FWB) project, launched in 2020, has evolved from a community-focused club to a more serious initiative aimed at building valuable products in Web3.
Key developments include:
- Initial popularity with around 6,000 members and a valuation of $100 million after raising $10 million.
- Transition to focusing on product development rather than just organizing events.
- Launch of the "Friends With Builders" program in partnership with AWS and other tech companies.
- Program designed for creative technologists to collaboratively develop early-stage projects, with an emphasis on AI agents in the first cohort.
- Rejection of traditional hackathon models in favor of ongoing product development.
- Recent pilot with World resulted in 40 mini-apps developed by participants.
- Upcoming demo day in New York scheduled for May 21, with some projects already attracting investor interest.
CEO Greg Bresnitz emphasizes the need for products that prioritize utility while integrating Web3 technology subtly. The initiative aims to broaden the appeal of crypto beyond niche financial applications.