Sophon has announced plans to shut down its Layer 2 blockchain and transition to the Base ecosystem, citing unsustainable annual maintenance costs of $3.4 million. The decision marks a strategic pivot towards developing consumer-grade applications. Sophon will focus on launching products such as Pyre, a gamified finance app, Sophon Earn for yield generation, Sophon Play for developer tools, XP for payments, and SophAI, an AI-driven product.
Sophon to Cease L2 Blockchain Operations, Transition to Base Ecosystem
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