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News

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

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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

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Harold

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Harold

24 November 2022, 10:00:28 GMT +0000

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.

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