TechFlow News, June 3: According to Cointelegraph, TapTools—a real-time analytics platform for Cardano—announced it will gradually shut down over the next two weeks. Since the beginning of this year, the platform has lost two co-founders, its Chief Operating Officer, its Chief Technology Officer, and its backend developer. This exodus has created a critical knowledge gap, rendering the platform unable to maintain normal operations. TapTools also cited high operational costs—including infrastructure, development, and support—as another key reason for the shutdown. The platform stated it remains open to external acquisition or financing. Cardano founder Charles Hoskinson accepted partial responsibility, noting he had previously proposed an “index program” to rescue struggling projects, but the initiative failed to materialize.
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