A crypto project with a focus on social media has made a U-turn on its decision to abandon Coinbase’s blockchain platform. In a recent update on X, Friend.tech (FRIEND) announced that, following community input, it has decided against moving away from Base to establish its own blockchain.

“We’ve listened to your feedback: you prefer FRIEND to remain on its current chain. We share that sentiment. FRIEND was always envisioned as a token fully controlled by the community, powering the Clubs contract.”

The project clarified that migrating supply and liquidity would contradict this ethos. Users will still have the ability to create clubs, chat, purchase keys, and use FRIEND within the friendtech app on Base.

Furthermore, Friend.tech has eliminated all protocol fees across BunnySwap, Clubs, and v1 smart contracts. Henceforth, 100% of these fees will benefit traders, liquidity providers (LPs), and community club presidents.

Last month, Friend.tech had initially announced its departure from Base to collaborate with Conduit, a company specializing in Ethereum (ETH) rollups, in order to establish Friendchain, its proprietary network.

Launched in 2023, Friend.tech enables users to link their X accounts with crypto wallets, creating a decentralized finance (DeFi) social media ecosystem where enthusiasts and creators can interact.

As of the latest update, FRIEND is priced at $0.323, marking a 22.4% decrease over the past 24 hours.

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