(I'll try to be brief!)
friction expresses stronger incremental increases, as you go up the scale of speed
Yes.
Friction itself can be described as a force opposite to velocity.
Usually, we choose a coordinate system where our object is stationary, and use the velocity of the surrounding fluid (for
drag equations) or the velocity on the surface the object is rubbing against.
Velocity is not the only thing involved in determining its magnitude. Pressure of the fluid affects its drag coefficient, and the force pushing the object to the surface it slides on affects the coefficient of friction. As mentioned above by Tim Fox, CatalinaWOW and others, its magnitude can be proportional to the square of the velocity, to the magnitude of the velocity, or something in between or only slightly different, depending on the situation. The proportionality is useful for us humans to estimate the effect, but arises from shapes and flows so there is no clear formulae, except for idealised shapes and fluids and surfaces.
The 'work' done by those forces describes exactly the amount of energy transferred due to drag and friction.
That energy is usually lost in heat and deformation.
If you have ever done lathe work or milling, "chip breaking" is important because the tools rely on the removed particles (chips) to carry off the extra heat generated by friction. With good tools and proper setup – surface speed of the cutting bit and the depth of each cut –, your work piece can remain relatively cool, while the metal shavings flying off are so hot they rapidly oxidize and change color. (I love machining videos. Knowing the funky physics that occur there just makes them even more enjoyable.)
In his 1980 Science Fiction book
Sundiver, David Brin describes a craft skimming in the chromosphere of our Sun, that uses a high-tech version of that to remain cool: a very, very powerful refrigeration laser. The "chips" are then photons instead of matter, with energies corresponding to crazy high temperatures, but the core principle is the same. As with lathe and mill chip breaking, to work, those chips have to be hotter than the ambient and hotter than the object you are trying to keep cool(er).