Farewell Base! FriendTech will migrate to the new blockchain Friendchain.

The social network FriendTech has officially announced its departure from Coinbase's Layer 2 network Base and will be transitioning to a new blockchain called Friendchain, developed in collaboration with the developer Conduit.

Friendchain Adopts Token FRIEND

The blockchain Friendchain will use the native token gas token from FriendTech. Although the protocol has not provided a specific migration schedule, an announcement on the X platform assures users that updates will be provided in the "coming months" as development progresses.

Hinted Earlier

While the announcement did not offer more details, this aligns with comments previously made by Racer, co-founder of FriendTech. Racer had hinted that the team was looking to move away from Base, leading to a 20% drop in the FriendTech token price.

Friend.tech Token Plunges Over 20%: Co-founder Hints at Possible Departure from Base

Interactive Trends on FriendTech Platform

Interaction levels on FriendTech fluctuate, especially in buying and selling Keys to access specific user posts. Despite a surge in daily transactions to tens of thousands following the launch of FriendTech's "v2" upgrade in early May, interaction levels have since returned to pre-upgrade levels. The successful migration could set a precedent for other platforms considering similar actions, where each application has its own chain, potentially leading to a more vibrant ecosystem.