According to ChainCatcher, venture capital firms Paradigm and Notation Capital invested in friend.tech’s seed round at an undisclosed valuation. Many cryptocurrency investors bought the project’s FRIEND tokens.
It is reported that the number of new users of friend.tech has dropped to single digits per day, and the daily expenses have dropped from US$2 million to less than US$100.
Earlier news came that the Friend.Tech team gave up control of the smart contract after growth stagnated.
