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 relinquishes control over these contracts so that no changes can be made to their fees or functionality in the future. The web client atfriend.tech will continue to work as usual, unaffected by this change. Additionally, the platform clarified that no charges from the smart contracts or web client are currently being sent to the Friend.tech development team’s multisig wallet.
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