Information on social media platform X(formerly Twitter) suggests that Friend.tech founders 0xRacerAlt and Shrimppepe have connections to a failed NFT project, Kosetto.<\/p>\n
Kosetto NFTs<\/h2>\n
Kosetto is a tradeable NFT wearables project launched last December on Ethereum. The project, which consisted of 1,689 items, sparked significant excitement with users flooding social media platforms with posts about it. However, after it had introduced a Chrome extension for its NFTs in January, the project went silent in February after promising that \u201csomething big was coming.\u201d<\/p>\n
OpenSea\u2019s data<\/a> shows that the floor price of the collection is currently 0.01 <\/span>ETH, around $17. The last sale for the NFTs occurred in February, with its total sales volume at only 5 ETH.<\/span><\/p>\n As of press time, Kosetto\u2019s website was unavailable, displaying an Error 402.<\/p>\n Describing the project\u2019s sudden demise, Justin Kalland, the Vice President of Innovation at Horizen Labs Ventures, said:<\/p>\n \u201cThe entire thing just disappeared, last update was in January that a Chrome extension was available. No communication or warning to users.\u201d<\/p>\n<\/blockquote>\n On X, several crypto community members have pointed out that the struggling NFT project was linked to the Friend.tech founders.<\/p>\n Kalland pointed out<\/a> that a search of 0xRacerAlt\u2019s tweet shows that they have deleted several links to the NFT project and that the Friend.tech founder held an official position on Kosetto Discord.<\/p>\n CryptoSlate<\/em> confirmed that 0xRacerAlt and Shrimppepe play an active role in Kosetto\u2019s Discord community.<\/p>\n Kalland added:<\/p>\n \u201cThe most compelling evidence is their reuse of the Kosetto[.com] domain for the FT API. The original use of this website can be verified through the X profile, the Chrome Web Store, Discord, and other sources.\u201d<\/p>\n<\/blockquote>\n CryptoSlate<\/em> was also able to confirm that Friend.Tech\u2019s website has links to Kosetto. As of press time, the projects founders had not responded to CryptoSlate\u2019s <\/em>request for comment.<\/p>\n Friend.Tech has gathered much interest from the crypto community since its launch on Aug. 10. The decentralized social platform allows personalities to issue shares, granting access to exclusive content and chat groups.<\/p>\n Yearn Finance developer Banteg tweeted<\/a> that over 100,000 people have been given access to the platform since its launch.<\/p>\n This has resulted in high transaction fees. Data<\/a> from DeFiLlama show that it made $1.42 million in fees during the last 24 hours, placing it behind only liquid staking protocol Lido (LDO<\/a>) and Ethereum (ETH<\/a>). The platform saw nearly $3 million in fees during the last seven days.<\/p>\n Over the weekend, the protocol stated<\/a> that it would distribute 100 million points to users during the six-month beta period. The platform also revealed<\/a> that venture capital firm Paradigm invested an undisclosed sum to \u201cbuild tools for new online social interactions.\u201d<\/p>\n Information on social media platform X(formerly Twitter) suggests that Friend.tech founders 0xRacerAlt and Shrimppepe have connections to a failed NFT project, Kosetto. Kosetto NFTs Kosetto is a tradeable NFT wearables project launched last December on Ethereum. The project, which consisted of 1,689 items, sparked significant excitement with users flooding social media platforms with posts about […]<\/p>\n","protected":false},"author":2,"featured_media":140221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-140220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=140220"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140220\/revisions"}],"predecessor-version":[{"id":147412,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140220\/revisions\/147412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/140221"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=140220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=140220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=140220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Link to Friend.tech founders<\/h2>\n
![\"Friend.tech](\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-21-153342.jpg\")
\n
![\"Friend.Tech\"](\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-21-153908.jpg\")
Friend.Tech gathering community interest<\/h2>\n