News

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

Cardano's ZK-Rollups Scaling SCardano's ZK-Rollups Scaling Solution Orbis Labs Comes To A Haltolution 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.

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.

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

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

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

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.