According to TheBlock, the Web3 social network Friend Tech developers have given up control over smart contracts, and the platform has been largely shut down. Despite initial rapid growth, the release and airdrop of V2 version failed to reignite user enthusiasm. On September 8th, developers invoked the smart contract function to transfer control to an empty address on Ethereum, locking the current system and preventing further changes. The team clarified in the announcement on X platform: "Currently, any fees from smart contracts or websites will no longer flow to the Friend. Tech development team's multi signature wallet." Although the platform appears to continue operating, the relinquishment of control has made it almost impossible to introduce new features. According to TheBlock's data, the protocol has only generated approximately $60000 in protocol fees since June. The revocation of ownership of the contract prevented a new team interested in adding features to the social platform from acquiring it. @dr