According to Foresight News, Solana Ecosystem NFT infrastructure protocol Cardinal announced that it will gradually shut down the protocol because it is difficult for the project to find products that fit the market. The team said that the protocol will always be open source and accessible to everyone, and it is recommended that all users who deposit assets in its system manually withdraw their assets within two months. After two months, all remaining deposits will be forcibly withdrawn and returned to the depositor. In addition, all new deposit instructions and other functions in the protocol will be disabled from July 19.
Foresight News noted that Cardinal provides leasing, staking and other services for NFTs, and completed a US$4.4 million seed round of financing in July 2022, led by Protagonist and Solana Ventures, with participation from Animoca Brands, Alameda Research, Delphi Digital and CMS Holdings.
