According to ChainCatcher, DAO solution Utopia announced that it will stop all services on November 6, and the product will be free to use until the end of this month. The project emphasized in the announcement that this action does not mean closing the company, but abandoning existing products and existing directions.

It is reported that Utopia is the salary, expense and operations management provider of DAO, which can simplify operations, manage payrolls and integrate financial reports. Previously, in June 2022, the project received US$23 million in financing led by Paradigm, with participation from Circle Ventures, Coinbase Ventures, Infinity Ventures Crypto, Distributed Global and others.