Paradigm and Notation Capital invested in the seed round financing of friend.tech.

ChainCatcher news, according to DL News, venture capital firms Paradigm and Notation Capital have invested in friend.tech's seed round at an undisclosed valuation. Many cryptocurrency investors are purchasing the project's FRIEND tokens.

It is reported that the daily number of new users for friend.tech has dropped to single digits, and the daily fees generated have decreased from $2 million to less than $100.

Previous news, the Friend.Tech team relinquished control over the smart contracts after growth stagnated.