The Web3 social media platform Friend.Tech has announced that it does not intend to discontinue its web app, despite recent changes to its smart contracts that have raised concerns among users.
Friend.Tech platform statement
The developers behind Friend.Tech have confirmed that the app will continue to function as usual and that changes to its smart contracts will not impact current operations or introduce any new fees.
Platform history and functionality
Launched in August 2023, Friend.Tech quickly gained traction by allowing users to purchase 'keys' which grant access to closed channels and exclusive content. The model enabled users to trade keys to access private feeds, creating a unique monetization avenue for influencers in the Web3 space.
Impact of changes on users
Despite a decline in user activity and struggles to maintain momentum, Friend.Tech emphasized that the platform will remain fully operational. The positive response to the statement has seen the platform’s token (FRIEND) rise by 60%, reaching $0.097.
In conclusion, the Friend.Tech platform will continue its operations without changes to the smart contracts, ensuring stability and uninterrupted functionality.
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