Sophon sunsets its Layer 2 blockchain, moves to Base to build consumer apps
The Block·
60-second summary
Sophon is shutting down its Layer 2 blockchain and transitioning to Base to build consumer apps, as part of a strategic shift. This move comes after raising $70 million in total funding. The Layer 2 blockchain's shutdown marks a significant change in Sophon's focus, now prioritizing consumer-facing applications, which may impact the broader Base ecosystem.
Sophon, which has raised $70 million in total funding, is shutting down its Layer 2 blockchain and moving to Base to build consumer apps.