{"id":171348,"date":"2023-02-22T03:25:57","date_gmt":"2023-02-22T03:25:57","guid":{"rendered":"https:\/\/precoinnews.com\/?p=171348"},"modified":"2023-02-22T03:25:57","modified_gmt":"2023-02-22T03:25:57","slug":"friendsies-nft-creators-deny-abandoning-project-amid-rug-pull-allegations","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/friendsies-nft-creators-deny-abandoning-project-amid-rug-pull-allegations\/","title":{"rendered":"Friendsies NFT creators deny \u2018abandoning\u2019 project amid rug pull allegations"},"content":{"rendered":"

The team behind nonfungible token collection Friendsies has refuted claims they are \u201cabandoning\u201d the NFT project following a tsunami of \u201crug pull\u201d accusations. <\/p>\n

On Feb. 21, the founders behind the NFT project told their Twitter followers that they werputting a \u201cpause\u201d on Friendsies and \u201call future digital goods\u201d for the time being, citing market challenges.<\/p>\n

Around 40 minutes later, the Twitter account was deleted, while the account of Friendswithyou, who developed the project, was made private \u2014 sparking rumors that the founders had \u201crugged\u201d for about $5 million.<\/p>\n

The project’s Twitter account has since been reinstated with the founders vehemently denying they are \u201cabandoning\u201d the project. The founders\u2019 account is still private, however. <\/p>\n

\u201cIt is clear that we have upset many of you with the nature of our announcement, and perhaps we did not handle that in the best way possible,\u201d they said, adding:<\/p>\n

\u201cTo be very clear, we are not abandoning fRiENDSiES.\u201d<\/p><\/blockquote>\n

The founders said the initial announcement was more about pausing social engagement \u201cuntil further notice.\u201d<\/p>\n

\u201cThat was not intended to mean we are pausing building and seeking opportunities, those efforts remain on-going,\u201d it added. <\/p>\n

Friendsies is a collection of 10,000 Ethereum-based NFTs that launched\u00a0last March. It purported to give each holder a custom-built \u201cdigital companion\u201d thatcould be used in the metaverse, real-life experiences, art installations, and eventually a \u201cTomogatchi-like\u201d play-to-earn game.<\/p>\n

<\/p>\n

There are currently 3,323 owners of Friendsies NFTs. The collection has a floor price of 0.012 Ether (ETH) (approximately $20) and a trading volume of 3,775 ETH, according to data from OpenSea. <\/p>\n

In the initial announcement, Friendsies said the \u201cvolatility and challenges of the market have made it very difficult to move this project forward in a way we can be proud of.\u201d<\/p>\n

In the follow-up Twitter thread some 17 hours after the pause announcement, the project\u2019s founders admitted they were \u201coverwhelmed\u201d with hate and threats over the announcement:<\/p>\n

\u201cWe were overwhelmed with hate and threats & both our Twitter and website were attacked […] We are sorry if we let you down today with our communication, but we are not going anywhere,\u201d it wrote.<\/p>\n

Related: <\/em><\/strong>NFTs will act as high-end property during boom cycles: Real Vision CEO<\/em><\/strong><\/p>\n

Mastercard\u2019s former NFT product lead, Satvik Sethi, who resigned in spectacular fashion earlier this month, has even made an offer to take over the Friendsies NFT project. <\/p>\n

\u201cI\u2019ll install a new team and take the project forward with a different vision,\u201d he said.<\/p>\n

\u201c[Friendswithyou] if you care at all about your holders like you\u2019ve always claimed, do the right thing. Don\u2019t abandon people who put their trust in you despite all the noise. Hit me up, let\u2019s discuss it.\u201d<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The team behind nonfungible token collection Friendsies<\/p>\n","protected":false},"author":3,"featured_media":171347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nFriendsies NFT creators deny \u2018abandoning\u2019 project amid rug pull allegations - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/friendsies-nft-creators-deny-abandoning-project-amid-rug-pull-allegations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Friendsies NFT creators deny \u2018abandoning\u2019 project amid rug pull allegations - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"The team behind nonfungible token collection Friendsies\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/friendsies-nft-creators-deny-abandoning-project-amid-rug-pull-allegations\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-22T03:25:57+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/02\/Friendsies-NFT-creators-deny-\u2018abandoning-project-amid-rug-pull-allegations.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/friendsies-nft-creators-deny-abandoning-project-amid-rug-pull-allegations\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/friendsies-nft-creators-deny-abandoning-project-amid-rug-pull-allegations\/\",\"name\":\"Friendsies NFT creators deny \u2018abandoning\u2019 project amid rug pull allegations - 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