"Machi Big Brother" Huang Licheng publicly stated today: the proposed acquisition of friend.tech has been blocked by Paradigm, and the deal has officially been withdrawn.
This news is worth a closer look. Since friend.tech exploded in popularity in 2022, it has changed hands several times and is still controlled by specific capital. As a long-established crypto VC, Paradigm stepped in behind the scenes to halt the deal this time, showing that it has its own judgment on the project’s control and the future path of ecosystem integration—even though friend.tech is no longer as hot as it once was, it is still unwilling to let a "new buyer" come in and rewrite the rules.
Huang Licheng then left a door open: if Racer relaunches friend.tech on Robinhood Chain, he would be willing to provide support. That sentence carries a lot of information: on one hand, it hands the choice to a more open solution; on the other hand, it also indirectly extends an olive branch to the new platform on Robinhood Chain.
For ordinary users, what is more worth thinking about in this incident is this: the fate of crypto projects is increasingly no longer decided by the founding team or the community, but is instead drawn behind the scenes by VCs and ecosystem players together. Understanding this set of rules is more important than chasing any single token.
#Web3 #CryptoNews
This news is worth a closer look. Since friend.tech exploded in popularity in 2022, it has changed hands several times and is still controlled by specific capital. As a long-established crypto VC, Paradigm stepped in behind the scenes to halt the deal this time, showing that it has its own judgment on the project’s control and the future path of ecosystem integration—even though friend.tech is no longer as hot as it once was, it is still unwilling to let a "new buyer" come in and rewrite the rules.
Huang Licheng then left a door open: if Racer relaunches friend.tech on Robinhood Chain, he would be willing to provide support. That sentence carries a lot of information: on one hand, it hands the choice to a more open solution; on the other hand, it also indirectly extends an olive branch to the new platform on Robinhood Chain.
For ordinary users, what is more worth thinking about in this incident is this: the fate of crypto projects is increasingly no longer decided by the founding team or the community, but is instead drawn behind the scenes by VCs and ecosystem players together. Understanding this set of rules is more important than chasing any single token.
#Web3 #CryptoNews