After Friend.tech’s failure, SocialFi must ‘cross the chasm’ to succeed - tech, friend

After Friend.tech’s failure, SocialFi must ‘cross the chasm’ to succeed

In the wake of Friend.tech’s collapse, Cointelegraph spoke with industry leaders to find out what went wrong and what comes next.

Cointelegraph by Robert D. Knight
Friend.Tech Fades Away: From Crypto Darling to Abandoned Experiment - crypto, tech, friend

Friend.Tech Fades Away: From Crypto Darling to Abandoned Experiment

Remember Friend.Tech? The Web3 social network that had everyone buzzing just a year ago? It seems the party’s over. The platform, known for letting users buy “keys” to access the feeds of crypto influencers, has effectively shut down after its develo

Chain Debrief
Crypto Investor Loses $16 Million Amid Friend.tech’s Controversy And Token Crash - eth, chart, friend, million, ath, keys, ethereum, tech, may, token

Crypto Investor Loses $16 Million Amid Friend.tech’s Controversy And Token Crash

Crypto social media platform Friend.tech faced backlash after a controversial decision by its team. The platform’s native token, FRIEND, plummeted over 42%, reaching its all-time low (ATL) price amid the controversy. As a result, an Ethereum (ETH) wh

Rubmar Garcia
Friend.tech Creators Bail on Ethereum Social Platform Four Months After Token Launch - tech, friend

Friend.tech Creators Bail on Ethereum Social Platform Four Months After Token Launch

Friend.tech’s development team effectively walked away from the social media platform Saturday when it handed off control to a burn address.

André Beganski
FRIEND Price Tanks 52% as Friend.tech Developers Give Up Smart Contracts Control - tanks, friend

FRIEND Price Tanks 52% as Friend.tech Developers Give Up Smart Contracts Control

Coinspeaker FRIEND Price Tanks 52% as Friend.tech Developers Give Up Smart Contracts Control This recent revocation of contract ownership makes it absolutely unlikely for the new team to take over and introduce new features thereby reducing the chanc

Bhushan Akolkar
Friend.tech token drops 26% after team shirks control of smart contracts - friend, smart, tech

Friend.tech token drops 26% after team shirks control of smart contracts

Friend.tech transferred control of some of its smart contracts to a null address, which can never be reversed.

Cointelegraph by Brayden Lindrea
Friend.tech’s FRIEND token tanks to record low as team abandons control of smart contracts - friend, token, friend.tech, tech

Friend.tech’s FRIEND token tanks to record low as team abandons control of smart contracts

The collapse of Friend.tech's FRIEND token highlights the volatility and risks inherent in decentralized finance projects. The post Friend.tech’s FRIEND token tanks to record low as team abandons control of smart contracts appeared first on Crypto Br

Vivian Nguyen
Friend.tech Team Renounces Control Over Smart Contracts - tech, friend, smart

Friend.tech Team Renounces Control Over Smart Contracts

Friend.tech, the struggling decentralized social media application, has announced a major update to its platform, setting the admin and ownership parameters of its smart contracts to the address 0x000…000. This move effectively renounces control over

Bitcoin.com
Whale tries to re-spark interest in Friend.tech (FRIEND) - friend.tech, whale, friend, tech

Whale tries to re-spark interest in Friend.tech (FRIEND)

High-profile influencer Jeffrey Huang drew attention to Friend.tech (FRIEND), ending up buying the token near its all-time lows. FRIEND rallied by 72% on illiquid trading, raising questions about Huan