Sophon is shutting down its Layer 2 blockchain and migrating to Base.

Jinse Finance reports, on June 26, Sophon, which has raised $70 million in funding, is shutting down its Layer 2 blockchain and moving to Base to build consumer applications, claiming that the infrastructure era of cryptocurrency is over.
Sophon co-founder Sebastien (Seb) told The Block: "We believe that value has never been about who operates the infrastructure, but about the products built on top of it. Sophon chooses to go deep into developing these products rather than maintaining the infrastructure."
SOPH-7.33%
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