While Friend.tech booms, decentralized social has a retention problem — Execs

Despite the recent hype around riend.tech, some decentralized social networks are still having a tough time getting users to sign up and stay on their social media platforms.

Two executives in the decentralized social (DeSo) media space told Cointelegraph that as much as 99% of users moving into DeSo for the first time will end up quitting, either due to clunky onboarding or simply not knowing anyone.

Ed Moss, the head of growth for layer-1 blockchain firm DeSo, said the process of…