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TechFlow news — Web3 digital fashion company Cult & Rain has decided to shut down operations. According to a public letter from the company's founder and CEO George Yang, volatility in the cryptocurrency and Web3 markets impacted its financial condition, and the failure to secure external investment ultimately led to the decision to cease business operations and discontinue the Cult & Rain 2.0 initiative.
Web3 digital fashion company Cult & Rain has decided to shut down operations. According to an open letter from the company's founder and CEO, George Yang, volatility in the cryptocurrency and Web3 markets impacted its financial condition, and the failure to secure external funding ultimately led to the decision to cease business operations and discontinue the Cult & Rain 2.0 initiative.
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