Feb 22, 2023

Friendsies NFT Project Refutes “Abandonment” Claims

Nonfungible token (NFT) collection Friendsies has responded to claims that it is “abandoning” its NFT project following a wave of “rug pull” accusations.

On Feb. 21, the founders behind the NFT project informed its Twitter followers that it was putting a “pause” on Friendsies and “all future digital goods” for the time being, citing market challenges.

Shortly after the announcement, the project’s Twitter account was deleted and the account of Friendswithyou, who developed the project, was made private, causing speculation that the founders had “rugged” for approximately $5 million.

The Twitter account has since been restored, with the founders denying that they are “abandoning” the project.

“It 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,” they said, adding:

“To be very clear, we are not abandoning fRiENDSiES.”

The creators clarified that the pause was more about ceasing social engagement “until further notice” and that the project was still actively seeking opportunities.

The Friendsies NFT collection was launched in March 2022 with the intention of providing each holder a custom-built “digital companion” to be used in the Metaverse, real-life experiences, art installations, and a “Tomogatchi-like” play-to-earn game.

According to data from OpenSea, there are currently 3,323 owners of Friendsies NFTs, with a floor price of 0.012 Ether (ETH) (approximately $20) and a trading volume of 3,775 ETH.

The founders of Friendsies said the “volatility and challenges of the market have made it very difficult to move this project forward in a way we can be proud of.”

In a follow-up announcement, the project’s founders admitted they were “overwhelmed” with hate and threats over the announcement.

“We 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,” they wrote.

Satvik Sethi, Mastercard’s former NFT product lead, who resigned earlier this month, has even made an offer to take over the Friendsies NFT project.

“I’ll install a new team and take the project forward with a different vision,” he said.

“[Friendswithyou] if you care at all about your holders like you’ve always claimed, do the right thing. Don’t abandon people who put their trust in you despite all the noise. Hit me up, let’s discuss it.”

The Friendsies NFT collection has been a source of excitement in the web3 space since its launch last year. The collection has been lauded for its promotion of NFTs, crypto, and web3 technologies.

The project has also been lauded for its innovative approach to NFT marketing. It has used Twitter to promote its NFTs and has even employed a NFT marketing agency to help increase awareness and engagement with its collection.

The project has also seen success in terms of selling NFTs. It has sold a large portion of its NFTs and has seen a steady increase in trading volume.

The Friendsies NFT collection has been an exciting development in the web3 space and its founders have been adamant that they are not abandoning the project.

The project has seen success in terms of promotion, NFT marketing, and selling NFTs, and it remains to be seen what the future holds for the project.

Disclaimer: All investment or financial opinions expressed by MoonLanding Media are not recommendations and are intended for entertainment purposes only. Do your own research prior to making any kind of investment. This article has been generated based on trending topics, has not been fact checked and may contain incorrect information. Please verify all information before relying on it.