TechFlow news — Asset cross-chain protocol Ren Protocol has tweeted that as the Ren 1.0 network will shut down within 30 days, users are strongly advised to bridge their Ren assets (e.g., renBTC) back to their native chains as soon as possible.
Ren Protocol also stated that its goal is to launch the fully community-governed network Ren 2.0 as quickly as possible.
As previously reported, Ren mentioned that Alameda had collaborated with Ren’s former leadership to acquire Ren, but due to Alameda’s bankruptcy, funding provided to Ren’s development team only lasted until Q4. Currently, Ren is negotiating with investors to continue advancing development and plans to launch Ren 2.0 earlier than expected. The website will also be hosted on IPFS, with control transferred to RenDAO.Original link
