Cardinal, an NFT infrastructure protocol, tweeted that we have decided to begin winding down our protocol.
This was a deliberate decision and we have done our best to navigate this extremely difficult macroeconomic environment since we started construction 18 months ago, product-to-market is still difficult to find and the reality is that members of our team are eager to explore other pursuits.
While we’ve seen some real-world uses for our staking, leasing, and identity products, we still feel like they’re stuck in the context of the cryptocurrency maximization community. We had hoped that other industries around the world would begin to adopt blockchain technology on a larger scale, but so far that still feels remote.