Web3 Social Network Friend.Tech Shuts Down as Developer Abandons Smart Contract Control
Publication Time:2024-09-09 09:31:09
On September 8th, the developers of Friend.Tech utilized smart contract functionality to transfer control to an empty Ethereum address, effectively locking the system and preventing any further modifications. The team announced this move on X platform, stating clearly that 'any fees from the smart contract or website are no longer flowing into the multi-signature wallet of the Friend.Tech development team.' This indicates that while the platform may still be operational, the relinquishment of control has made it almost impossible to introduce new features.
smart contract
friend.tech
platform shutdown
Web3 social network
developer relinquishes control