Ethereum Layer 2 Zero Network to wind down, joining string of protocols shuttering operations
The Block
Zerion is shutting down its Zero Network to refocus resources on its core wallet and API products.Summary
Zerion has announced the shutdown of its Ethereum Layer 2, Zero Network, after 18 months of operation. The team stated that maintaining a standalone blockchain was not the most effective way to realize their vision of simplifying user experience, opting instead to refocus resources on their core Zerion Wallet and API services. Users are advised that their assets remain safe, but they must bridge their tokens out of the network by the end of July. This closure follows a trend of recent wind-downs in the crypto space, including Everclear, Syndicate Labs, and Fantasy.top.
(Source：The Block)