{"id":554887,"date":"2023-02-22T04:53:32","date_gmt":"2023-02-22T01:53:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/friendsies-nft-creators-deny-abandoning-project-amid-rug-pull-allegations\/"},"modified":"2023-02-22T04:53:32","modified_gmt":"2023-02-22T01:53:32","slug":"friendsies-nft-creators-deny-abandoning-project-amid-rug-pull-allegations","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/friendsies-nft-creators-deny-abandoning-project-amid-rug-pull-allegations\/","title":{"rendered":"# Friendsies NFT creators deny &#8216;abandoning&#8217; project amid rug pull allegations"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3493c145b39\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3493c145b39\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/friendsies-nft-creators-deny-abandoning-project-amid-rug-pull-allegations\/#%E2%80%9D_Friendsies_NFT_creators_deny_%E2%80%98abandoning_project_amid_rug_pull_allegations_%E2%80%9C\" >&#8221; Friendsies NFT creators deny &#8216;abandoning&#8217; project amid rug pull allegations &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Friendsies_NFT_creators_deny_%E2%80%98abandoning_project_amid_rug_pull_allegations_%E2%80%9C\"><\/span>&#8221; Friendsies NFT creators deny &#8216;abandoning&#8217; project amid rug pull allegations &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>Nonfungible token (NFT) collection Friendsies has refuted claims it is \u201cabandoning\u201d its NFT project following a tsunami of \u201crug pull\u201d accusations aimed at its founders. <\/p>\n<p>On Feb. 21, the founders behind the NFT project told its <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> followers that it was putting a \u201cpause\u201d on Friendsies and \u201call future digital goods\u201d for the time being, citing market challenges.<\/p>\n<p>Around 40 minutes later, the Twitter account was deleted, while the account of Friendswithyou, who developed the project, was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Friendswithyou\">made<\/a> private \u2014 sparking rumors that the founders had \u201crugged\u201d for about $5 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">With the $5.3m <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/fRiENDSiES_Ai?ref_src=twsrc%5Etfw\">@friendsies_ai<\/a> hard rug earlier today it remains unclear how the funds could\u2019ve possibly been spent. <\/p>\n<p>There have been no announcements since September, no community treasury, and no P2E <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>. <\/p>\n<p>The team blames \u201cmarket volatility\u201d as their rationale. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/FM8ytum4Ur\">pic.twitter.com\/FM8ytum4Ur<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/zachxbt\/status\/1628046283435827200?ref_src=twsrc%5Etfw\">February 21, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The project&#8217;s Twitter account has since been reinstated with the founders vehemently denying it is \u201cabandoning\u201d the project. The founders\u2019 account is still private, however. <\/p>\n<p>\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<blockquote><p>\u201cTo be very clear, we are not abandoning fRiENDSiES.\u201d<\/p><\/blockquote>\n<p>The founders said the initial announcement was more about pausing social engagement \u201cuntil further notice.\u201d<\/p>\n<p>\u201cThat was not intended to mean we are pausing building and seeking opportunities, those efforts remain on-going,\u201d it added. <\/p>\n<p>Friendsies is a collection of 10,000 Ethereum-based NFTs that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/friendsies.io\/\">launched<\/a> in March 2022. It purported to give each holder a custom-built \u201cdigital companion\u201d which could be used in the Metaverse, real-life experiences, art installations, and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/zachxbt\/status\/1628046283435827200?s=20\">eventually<\/a> a \u201cTomogatchi-like\u201d play-to-earn game.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/14d8e1c6-f399-40f5-8b23-d795a8efa45f.PNG\"><figcaption style=\"text-align: center;\"><em>Friendsies NFT collection listing on OpenSea. Source: OpenSea<\/em><\/figcaption><\/figure>\n<p>There are currently 3,323 owners of Friendsies NFTs, with a floor price of 0.012 Ether (ETH) (<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately $20) and a trading volume of 3,775 ETH, according to data from OpenSea. <\/p>\n<p>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<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u02d9\u1d55\u02d9 &#8211; Hi friends! We wanted to reach out directly to the community with an important update.\u00a0 As the project founders, we have decided that it would be best to put a pause on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/fRiENDSiES_Ai?ref_src=twsrc%5Etfw\">@fRiENDSiES_Ai<\/a> and all future digital goods for the time being.\u00a0We had the best intentions to make a<\/p>\n<p>\u2014 fRiENDSiES (@fRiENDSiES_Ai) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/fRiENDSiES_Ai\/status\/1627908970143973376?ref_src=twsrc%5Etfw\">February 21, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>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<p>\u201cWe were overwhelmed with hate and threats &amp; both our Twitter and website were attacked [&#8230;] We are sorry if we let you down today with our communication, but we are not going anywhere,\u201d it wrote.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>NFTs will act as high-end property during boom cycles: Real Vision CEO<\/em><\/strong><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Making a public offer to take over Friendsies. I\u2019ll install a new team and take the project forward with a different vision <\/p>\n<p>The IP has so much potential and the holders deserve better. We just cannot keep letting stuff like this slide because it really is hurting the space.<\/p>\n<p>\u2014 Satvik Sethi (@sxtvik) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sxtvik\/status\/1628015910882807811?ref_src=twsrc%5Etfw\">February 21, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>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<p>\u201cI\u2019ll install a new team and take the project forward with a different vision,\u201d he said.<\/p>\n<p>\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<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/friendsies-nft-creators-deny-abandoning-project-amid-rug-pull-allegations\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Friendsies NFT creators deny &#8216;abandoning&#8217; project amid rug pull allegations &#8220; Nonfungible token (NFT) collection Friendsies has refuted claims it is \u201cabandoning\u201d its NFT project following a tsunami of \u201crug pull\u201d accusations aimed at its founders. On Feb. 21, the founders behind the NFT project told its Twitter followers that it was putting a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":554888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/db714188-a44f-424f-9531-90c0079490cf.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77892,95118,133792,74892,10401],"class_list":["post-554887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-crypto-collectibles","tag-nft","tag-opensea","tag-tokens","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/554887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=554887"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/554887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/554888"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=554887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=554887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=554887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}