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Nftnews Today Friendsies NFT creators deny ‘abandoning’ project amid rug pull allegations

The staff behind nonfungible token assortment Friendsies has refuted claims they’re “abandoning” the NFT mission following a tsunami of “rug pull” accusations.

On Feb. 21, the founders behind the NFT mission advised their Twitter followers that they werputting a “pause” on Friendsies and “all future digital items” in the interim, citing market challenges.

Round 40 minutes later, the Twitter account was deleted, whereas the account of Friendswithyou, who developed the mission, was made non-public — sparking rumors that the founders had “rugged” for about $5 million.

The mission’s Twitter account has since been reinstated with the founders vehemently denying they’re “abandoning” the mission. The founders’ account remains to be non-public, nevertheless.

“It’s clear that we now have upset a lot of you with the character of our announcement, and maybe we didn’t deal with that in the easiest way attainable,” they stated, including:

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

The founders stated the preliminary announcement was extra about pausing social engagement “till additional discover.”

“That was not meant to imply we’re pausing constructing and in search of alternatives, these efforts stay on-going,” it added.

Friendsies is a set of 10,000 Ethereum-based NFTs that launched final March. It purported to offer every holder a custom-built “digital companion” thatcould be used within the metaverse, real-life experiences, artwork installations, and eventually a “Tomogatchi-like” play-to-earn sport.

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Friendsies NFT assortment itemizing on OpenSea. Supply: OpenSea

There are at the moment 3,323 homeowners of Friendsies NFTs. The gathering has a flooring value of 0.012 Ether (ETH) (roughly $20) and a buying and selling quantity of three,775 ETH, in line with information from OpenSea.

Within the preliminary announcement, Friendsies stated the “volatility and challenges of the market have made it very tough to maneuver this mission ahead in a method we could be happy with.”

Within the follow-up Twitter thread some 17 hours after the pause announcement, the mission’s founders admitted they had been “overwhelmed” with hate and threats over the announcement:

“We had been overwhelmed with hate and threats & each our Twitter and web site had been attacked […] We’re sorry if we allow you to down at this time with our communication, however we’re not going anyplace,” it wrote.

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Mastercard’s former NFT product lead, Satvik Sethi, who resigned in spectacular trend earlier this month, has even made a suggestion to take over the Friendsies NFT mission.

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“I’ll set up a brand new staff and take the mission ahead with a distinct imaginative and prescient,” he stated.

“[Friendswithyou] if you happen to care in any respect about your holders such as you’ve all the time claimed, do the fitting factor. Don’t abandon individuals who put their belief in you regardless of all of the noise. Hit me up, let’s talk about it.”

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