According to PANews on June 29, the NFT infrastructure agreement Cardinal said on Twitter: "We have decided to start phasing out our agreement. In this extremely difficult macroeconomic environment, product-to-market remains difficult to find, and the reality is that members of our team are eager to explore other pursuits. While we have seen some real-world uses for our staking, leasing, and identity products, We still feel like they’re stuck in the context of the cryptocurrency maximization community. We had hoped that other industries around the world would start adopting blockchain technology on a larger scale, but so far that still feels remote.”
Previously, in July last year, Cardinal completed a $4.4 million seed round of financing, led by Protagonist and Solana Ventures, with participation from Animoca Brands, Alameda Research, Delphi Digital and CMS Holdings.
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According to PANews on June 29, the NFT infrastructure agreement Cardinal said on Twitter: "We have decided to start phasing out our agreement. In this extremely difficult macroeconomic environment, product-to-market remains difficult to find, and the reality is that members of our team are eager to explore other pursuits. While we have seen some real-world uses for our staking, leasing, and identity products, We still feel like they’re stuck in the context of the cryptocurrency maximization community. We had hoped that other industries around the world would start adopting blockchain technology on a larger scale, but so far that still feels remote.”
Previously, in July last year, Cardinal completed a $4.4 million seed round of financing, led by Protagonist and Solana Ventures, with participation from Animoca Brands, Alameda Research, Delphi Digital and CMS Holdings.