Trusting the Future: Friend Tech’s Founders’ Path Beyond Past Scams
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In Brief
A recent investigation led by X (Twitter) user nix_eth has unveiled surprising connections between the once-hyped Kosetto and the currently trending Friend Tech.
Friend Tech‘s recent rapid rise has caught attention – making marketers turn heads on its steady progress, yet its origins hint at questionable past ventures.
In late 2022, the KosettoIs Kawaii platform became a sensation, due to its unique offering of “wearable” NFT stickers. The widespread sharing of referral codes also fueled its rapid popularity.
But, its sudden disappearance after announcing a Chrome extension left many users puzzled and frustrated.
Doing some research on @friendtech, please be careful putting too much money into it.
— nix.eth (@nix_eth) August 20, 2023
The same team launched @KosettoIsKawaii end of 2022. Sold a bunch of wearable NFT stickers. Had users spamming referral codes. Hyped and pumped.
Then the entire thing just disappeared, last… pic.twitter.com/Ucnoi1IaRp
Connecting the Dots: From Kosetto to Friend Tech
A recent investigation led by X (Twitter) user nix_eth has unveiled surprising connections between the once-hyped Kosetto and the currently trending Friend Tech:
Tracing 0xRacerAlt’s Digital Path: 0xRacerAlt, identified as a founder of Friend Tech, displayed significant affiliations with the Kosetto project. It was noticed that attempts were made to sever these ties by privatizing the account and deleting tweets, but a comprehensive search revealed the linkages between the two entities. Notably, 0xRacerAlt also maintained connections with Kosetto on their Discord server.
Shrimppepe’s Web of Associations: shrimppepe, another named founder of Friend Tech, also surfaced in searches related to the previous Kosetto project.
The Incontrovertible Domain Connection: Perhaps the most conspicuous piece of evidence was the recycling of the domain Kosetto.com for Friend Tech’s API. The domain that actively promoted Kosetto’s services — is verifiable across platforms like the X, the Chrome Web Store, and Discord.
Why Does It Matter?
When ventures vanish without a trace only to reemerge under a new identity, skepticism takes root. Users invest not only their money but also their trust in these projects.
The sudden demise of Kosetto, coupled with the emerging ties to Friend Tech, serves as a stark cautionary tale, urging users to proceed with caution.
Friend Tech’s Elite: The Top Users
Despite the project’s lingering uncertainties, the X (Twitter) community actively engages with its dynamics. Friend.Tech’s notion of trading social profiles has fostered an ecosystem where individuals effectively transform into tradable assets.
However, certain profiles hold greater appeal, propelling specific accounts to ascend in popularity and value.
Here’s an exploration of the prominent participants in this digital marketplace:
- Racer – A recognized figure in the crypto realm, Racer leads the FT list.
- FaZe Banks – A well-known name in the gaming community, FaZe Banks commands a substantial following and demand on the platform.
- Cobie – Mentioned earlier in the examination of Friend Tech’s intricacies, Cobie holds a prime spot, warranting a high value.
- Ansem – The account’s undeniable demand showcases the variety of sought-after profiles on FT.
- Sisyphus – Drawing considerable attention, Sisyphus has carved a distinct niche on FT.
Caution in the Crypto World
Although the emergence of dApps like Friend Tech sparks curiosity, yet user research remains vital. Understanding a project’s team, history, and communication patterns is crucial for clarity. While Friend.Tech demonstrates promise with innovative concepts and market influence, its associations with past enigmatic ventures should serve as a warning.
Today’s digital realm is driven by abundant yet scattered data, and users must connect the dots independently. By doing so, they can move ahead, ensuring their investments are well-informed and secure.
Read more:
- Friend.Tech Earns 1.4M in 24-Hour Fees, Outpacing Tron and Uniswap
- Shiba Inu’s Shibarium Locks Up Funds, Sparks Unease Among Community
- Mantle’s L2 Network Community in Uproar after Banning FTX Group
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Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.
More articlesNik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.
