According to Foresight News, the Web3 social platform friend.tech said that its management and ownership parameters have been set to 0x000...000 to prevent any future changes to its fees or functions. This change will not affect the separate web client running on friend.tech, which will continue to run as is. Currently, there are no fees for smart contracts or multi-signatures of the friend.tech development team.

Perhaps affected by the news, according to CoinGecko market data, FRIEND is currently trading at 0.078 USDT, down 17.2% in 24 hours.