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News

Cardano’s ZK-Rollups Scaling Solution Orbis Labs Comes To A Halt

November 24, 2022 - Around 1 mins mins to read
Orbis Labs, which is developing Layer 2 ZK-Rollups on Cardano, stated that the project had been suspended owing to a lack of finance and a lack of certainty. NFT operations have been suspended till further notice.
Cardano's ZK-Rollups Scaling Solution Orbis Labs Comes To A Halt

Orbis stated that it was now formulating a long-term plan for the project. The Orbis Labs Github organization will continue to be open source and accepting of outside contributions for the time being.

https://twitter.com/orbisproject/status/1595589252330536960

The project shared that because of the limitation in capital coming from investors, has resulted in this result.

https://twitter.com/orbisproject/status/1595590270397079553

In addition, the project’s community group is also suspended.

https://twitter.com/orbisproject/status/1595591621244076032

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Cardano

Layer 2

Orbis Labs

zk-rollups

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Cardano’s ZK-Rollups Scaling Solution Orbis Labs Comes To A Halt

Orbis Labs, which is developing Layer 2 ZK-Rollups on Cardano, stated that the project had been suspended owing to a lack of finance and a lack of certainty. NFT operations have been suspended till further notice.
Cardano's ZK-Rollups Scaling Solution Orbis Labs Comes To A Halt

Orbis stated that it was now formulating a long-term plan for the project. The Orbis Labs Github organization will continue to be open source and accepting of outside contributions for the time being.

https://twitter.com/orbisproject/status/1595589252330536960

The project shared that because of the limitation in capital coming from investors, has resulted in this result.

https://twitter.com/orbisproject/status/1595590270397079553

In addition, the project’s community group is also suspended.

https://twitter.com/orbisproject/status/1595591621244076032

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News