Posted 9/16/2023, 6:04:37 AM
DJ 3LAU Exits Friend.tech Over Concerns With Platform's Tokenized Model
- DJ 3LAU opts out of decentralized social media platform Friend.tech over regulatory concerns
- Cites risks around platform's automated market maker that enables trading of user keys
- Decision causes stir in crypto community, with some accusing 3LAU of dumping on holders
- 3LAU says he will donate equivalent of his keys to charity, reimburse key buyers
- Situation highlights challenges when wanting to leave platforms involving tokenized social presence
