Sophon is shutting down its Layer2 blockchain and migrating to Base

On June 26, Sophon, which has raised $70 million in funding, is shutting down its Layer2 blockchain and turning to Base to build consumer applications, claiming that the infrastructure era of cryptocurrencies is over. Sebastien (Seb), co-founder of Sophon, told TheBlock: "We believe that the value never lies in who runs the infrastructure, but in the products built on top of it. Sophon chose to deeply develop these products rather than maintain the infrastructure."