TechFlow news, privacy protocol Nocturne will soon shut down its product Nocturne v1 and shift focus toward application development, with more information about new products to be shared in the coming months.
The team stated that last year they realized the transition to public L2s and account abstraction (AA) must precede privacy, as users' primary concerns are currently cost and user experience. Privacy protection timing depends on cryptocurrency's practicality—until these major hurdles are overcome, privacy remains secondary.
Deposits, transactions, and staking on Nocturne have already been suspended.
Previous report: Nocturne Labs has completed a $6 million seed round led by Bain Capital Crypto and Polychain Capital, with participation from Vitalik Buterin, Bankless Ventures, Hack VC, Robot Ventures, among others.
