Another Closed L2 Network: Sophon
This project is mainly an L2 network targeting entertainment and consumer-grade applications, having raised over $10 million in funding, with its token $SOPH listed on major exchanges like Binance, OKX, and Upbit.
This is already the fifth project team I've heard of announcing closure, following Blast, Abstract, Blur, and StandX.
In the future, there will be more and more small exchanges going bankrupt, more and more pre-TGE projects dying on the vine, and more and more projects that have issued tokens but have no revenue shutting down—this will be the historical trend.
This project is mainly an L2 network targeting entertainment and consumer-grade applications, having raised over $10 million in funding, with its token $SOPH listed on major exchanges like Binance, OKX, and Upbit.
This is already the fifth project team I've heard of announcing closure, following Blast, Abstract, Blur, and StandX.
In the future, there will be more and more small exchanges going bankrupt, more and more pre-TGE projects dying on the vine, and more and more projects that have issued tokens but have no revenue shutting down—this will be the historical trend.
