Sophon has set a Nov. 25 deadline for customers to withdraw their belongings forward of its deliberate mainnet shutdown, following a June announcement that it could abandon its Ethereum layer-2 blockchain and transfer operations to Base.
Sophon mentioned Monday it’s going to start shutting down key infrastructure and associated web sites on Nov. 25, and any belongings left on the Sophon Chain danger changing into completely inaccessible.
The crew has requested customers to withdraw any Sophon (SOPH), Ether (ETH), USDC (USDC) and different belongings, and declare any excellent staking or Guardian rewards.
Sophon launched as a zero-knowledge-powered layer-2 community centered on client functions, together with gaming, leisure and AI. In June, its builders mentioned the prices of sustaining a standalone blockchain not justified its advantages and introduced plans to deal with client finance and AI functions on Base.
The shutdown follows the same announcement from Abstract, the consumer-focused Ethereum layer-2 community developed by Pudgy Penguins’ guardian firm, Igloo. Abstract introduced on Oct. 6 that it could shut on Dec. 15, after Igloo misplaced tens of thousands and thousands of {dollars} supporting the community.
Cointelegraph beforehand reported that Sophon raised $60 million by means of a node sale in 2024, following a separate $10 million funding spherical.
Related: Pudgy Penguins-backed Abstract to close down after ‘tens of millions’ in losses
Content Source: cointelegraph.com
