Friend.Tech, a decentralized social media platform, recently announced its shutdown decision, causing a significant stir among investors. Known for its impressive performance in the Web3 space, the platform's decision to cease operations has led to a sharp decline in its token's price.
The developer team transferred control, which further contributed to the loss of investor confidence and the subsequent price plunge. This move marks a significant turning point for Friend.Tech in the rapidly evolving Web3 landscape.
