TechFlow reports that Jack Shi, founder of NeoNexus, a Solana-based NFT project, stated the team will no longer develop the project, attributing the decision to the falling price of Solana (SOL).
Jack Shi expressed his hope to hand over the project to the community. He added: "Under these ecosystem and market conditions, trying to grow and continue our project has become extremely difficult, as SOL’s price has dropped significantly, and activity, volume, and interest across the entire Solana NFT space have declined."
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