FriendTech to move to new Friendchain blockchain in move away from Base | Headlines | News | CoinMarketCap
06/09/2024 04:25Web3 social network FriendTech has officially broken off its friendship with Base, the Ethereum Layer 2 network stewarded by Coinbase, as it prepares …
Web3 social network FriendTech has officially broken off its friendship with Base, the Ethereum Layer 2 network stewarded by Coinbase, as it prepares to migrate to a new blockchain dubbed Friendchain, created in partnership with blockchain infrastructure provider Conduit.
The network will use FriendTech's native token as a "fully transferable gas token" and while the protocol didn't specify a timeline for the move, its announcement on X promised to keep its users informed "over the coming months" as development of the blockchain progresses.
While the announcement had scant other details, the move isn't entirely a surprise given FriendTech co-founder Racer's recent public comments insinuating that the team desired to migrate away from Base. At the time, Racer's announcement …