Coinspeaker
Friend.tech Offers Bounty to Migrate Away from Base
Web3 social network Friend.tech has offered a $200,000 bounty to anyone who can figure out a way for it to migrate from Base. Amid this development, FRIEND, the native currency of the network, experienced a notable decline in its price.
Why Friend Tech Is Migrating from Base
Notably, Friend Tech hosts its network on Base, an Ethereum Layer 2 designed by Coinbase Global Inc (NASDAQ: COIN). However, the team led by pseudonymous founder Racer says its relationship with Base has been unstable.
Taking to social media X, Racer wrote:
“System design bounty: If you can figure out a way to migrate friendtech off of Base without causing major issues for users, and it works well enough that we decide to use it, we will pay you $200K.”
In another post, Racer stated that Friend.tech was defamed by Farcaster investors when it debuted due to a misunderstanding of what the network was doing. Racer went on to say since the
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