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Reading: Crypto.com-Backed StarkNet-Based mostly ZKX Protocol Shuts Down on July 30 Resulting from Financial Challenges – The Defiant
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The Texas Reporter > Blog > NFTs > Crypto.com-Backed StarkNet-Based mostly ZKX Protocol Shuts Down on July 30 Resulting from Financial Challenges – The Defiant
NFTs

Crypto.com-Backed StarkNet-Based mostly ZKX Protocol Shuts Down on July 30 Resulting from Financial Challenges – The Defiant

Editorial Board
Editorial Board Published August 1, 2024
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The StarkNet-based derivatives protocol ZKX has introduced its shutdown on July 30 because of financial challenges

The StarkNet-based derivatives protocol ZKX has introduced its shutdown on July 30 because of financial challenges.

Regardless of receiving investments from greater than a dozen enterprise capital corporations, together with Crypto.com, the undertaking confronted low consumer participation, inadequate income, and a decline in token worth.

As a StarkNet head undertaking, the ZKX workforce has delisted all markets, closed all positions, and its founder cited minimal consumer engagement and dwindling revenues as major causes for the discontinuation.

That is an AI-generated article powered by DeepNewz, curated by The Defiant. For extra info, together with article sources, go to DeepNewz.

TAGGED:ChallengesCrypto.comBackedDefiantDueeconomicJulyProtocolShutsStarkNetBasedZKX
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