Siacoin creator Skynet to keep operating despite announced shutdown
Siacoin’s (SC) parent company, Skynet Labs, has announced that it will shut down operations after failing to raise sufficient funds in its latest funding round. However, this decision will not affect the Skynet platform, which will continue to operate, and all users’ files will remain on the platform.
The company, formerly known as Nebulous, raised $3 million in a funding round in 2020. While it is a pioneer in decentralized storage, other projects such as Filecoin, Storj, and Arweave have emerged with more financial muscle. Following the announcement, Skynet Labs will still operate for 12 weeks, during which the company will focus on ensuring a proper transition to the Skynet Community. David Vorick, the company’s CEO, said the firm has already laid off half of its employees.
Source
https://t.me/CryptoMarketUpdates
