Friendsies NFT collection rug pulls, deactivates Twitter
Carpet from Friendsies NFT collection pulls out, deactivates Twitter
Approximately $5 million was raised from the initial NFT sale in 2022, driven by many of the industry’s biggest influencers.
The popular NFT Friendsies collection tweeted on February 15 that it would pause its development, citing “difficult” market conditions as the main reason for the hiatus.
“We had the best of intentions to create a true digital companion in the future,” the company tweeted. “However, market volatility and difficulties make it difficult to move this project up to our standards.”
According to friends Web site, the initiative aimed to create 10,000 whimsical avatars. In March 2022, he teamed up with auction house Christie’s to sell nine early access passes to the collection on the OpenSea secondary market, allowing avid collectors to mint their rarest friends.
Following the compilation’s tweet, some users who asked about the announcement ended up being blocked on Twitter. Shortly thereafter, the Friendies deleted their social media account.
In response to @Zachxbt’s tweet, @ArkhamInterl replied: “By the way, when these guys say ‘market volatility’ they really mean ‘we held ETH 70% lower and then sold the bottom'” and referred to the following transaction history:
Twitter users also pointed the finger at Farokh, host of Web3 Rug Radio, and generative artist Jen Stark, who reportedly promoted the collection on Twitter in its early stages, once NFT-affiliated influencers.
Notable NFT influencers, including Rug Radio host Faroh, have been accused of being early supporters of the project and reportedly made millions of dollars from its initial sale.
Credit : cryptoslate.com