Clockwork Ceases Vital Infrastructure Operations
The team behind Clockwork, a Solana-based project known for its smart contract automation project, recently announced its plans to cease vital infrastructure operations by the end of October. They explained that the rationale behind this decision was “limited commercial upside”.
Key Points:
- Clockwork team to suspend proactive development of the protocol
- Protocol’s nodes on both the devnet and mainnet will be deactivated on October 31
- Clockwork code will remain open-source and accessible to the public
- Enthusiasts and developers encouraged to “fork and ship” the protocol
- Remaining seed money from investors still untouched, plans for its use yet to be finalized
Despite the news of Clockwork ceasing operations, there is a silver lining. The Clockwork code will continue to be open-source and available for further development. The team is encouraging enthusiasts and developers to take the protocol forward by forking and shipping it. While some may question the remaining seed money, the founder assured that a significant amount remains untouched and plans are being carefully considered.
Hot Take:
The decision by Clockwork to cease vital infrastructure operations reflects the challenges faced by Solana-based protocols recently. Clockwork joins other platforms like Friktion, Everlend Finance, and Cardinal in concluding operations. However, the team’s commitment to keeping the code open-source and encouraging further development shows that the project’s legacy may still live on.
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