OpenRank's parent company Karma3 Labs founder Sahil Dewan announced that after operating for 3.5 years, the company will gradually shut down and return remaining funds to investors. The team will open source the built code, protocols, documentation, and experience summaries, and the related GitHub repositories will be permanently archived. OpenRank has generated reputation scores for over 10 million on-chain users, supported more than 50 DeFi, L1, L2, wallets, Launchpad, and social network integrations, and assisted in the distribution of over $50 million in incentives. The team stated that they verified on-chain reputation signals can influence capital flow and user behavior, but they have never been able to find a sustainable compound growth business model.