According to Coincu, 3LAU, the founder of the NFT music marketplace Royal, has decided to withdraw from blockchain-based project friend.tech due to concerns over risks. In a show of support for the music industry, he has pledged to donate 8 ETH to a music-focused charity. This move comes as a surprise to the crypto community, given 3LAU's prominent role in the NFT and blockchain space.

Friend.tech had issued tokens called KEY, which 3LAU held. The value of his KEY tokens on the platform had declined from 0.36 ETH to 0.03 ETH, prompting his decision to withdraw. Despite the drop in value, 20 token holders continue to retain their KEY tokens. 3LAU's decision highlights the importance of risk assessment and philanthropy within the cryptocurrency community, as well as the dynamic nature of blockchain projects and the need for careful consideration when engaging with emerging platforms.

3LAU's donation of 8 ETH to a music-related charity demonstrates his ongoing commitment to the growth and development of the music industry, even as he navigates the evolving crypto landscape. As blockchain technology continues to influence various sectors, including music, 3LAU's philanthropic gesture serves as a positive example of leveraging crypto wealth for social good.