Feels like a lot of good / useful crypto projects and founders are sunsetting or shutting down lately

Founders

Have had a lot of crypto founders I know recently reach out to me sharing particular difficulties they're going through with the market, fundraising, revenue, team, etc or considering winding down, selling the company, etc. Just want to share not alone if you're experiencing this

Yes it's been a tough time for a lot of founders

I write about tech + humans + philosophy. Farcaster OG. FID 3305 founder of /theindex 

https://linktr.ee/joanwestenberg

Dev ecosystem @farcaster, cofounder @bountycaster. Prev: cofounder of Scalar Capital, product at Coinbase, coproducer @ethereumfilm

There seems to be two divided schools, one celebrating crypto “going mainstream” and reaching government acceptance/adoption/approval and the other (largely builders) who aren’t seeing any of that translate into a hospitable environment for actually making anything useful / non speculative.

Yes it's been a tough time for a lot of founders https://farcaster.xyz/linda/0x68e0fd16

Design director working on AI hardware. One foot in the board room, one on the street.

After the field has been thoroughly fracked, there's no life left in the environment. Time for another ecosystem to trash.

SolarPunk 🌞 Certified Permaculturist 🌿 growing /wildyield 🐝

The cycle repeats itself at various points throughout the year

Sad to see. So many cool ideas. It’s rough out there.

That’s really interesting—what signals or data are helping shape that feeling?

It’s not new in the space tbh, I remember a project (Trident) back in 2017 was going great and all of a sudden went MIA… Rebellous too.

Even CANYA… I remember writing an article for this project that got me 1 CANYA and that changed my life. I sold for $4k but this project shut down and never rose again