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The Gum protocol on Solana ecosystem introduced its shutdown in the present day. The staff behind Gum and its related product, Wordcel, cited difficult market situations and difficulties in producing income as the first causes for the choice.
Gum initially gained traction after profitable the Web3 monitor of the 2022 Solana Riptide Hackathon. Launched in February 2022, Wordcel, the staff’s first challenge, had garnered a wholesome person base throughout its beta part. The protocol aimed to function the foundational layer for client decentralized purposes (dApps) on Solana (SOL) and web3 platforms.
Regardless of the preliminary success and group assist, Gum confronted challenges.
Like many different tasks, we too have been affected by the difficult market situations and unfavourable business occasions in current instances,
the staff acknowledged of their official announcement. These market situations led the staff to reevaluate their future route, notably regarding the adoption of their Session Keys toolset.
Information factors to contemplate embrace the challenge’s begin date in February 2022, the announcement of its shutdown on September 6, 2023, and its key merchandise, Wordcel and Session Keys. The challenge additionally gained the Solana Riptide Hackathon in 2022.
The staff has made efforts to simplify the migration course of for present customers. All software program, from frontend to indexers and on-chain packages, can be open-sourced. The Magicblock staff will keep the open-sourced Session Keys protocol going ahead. The Wordcel app hosted on wordcelclub.com can be taken down on or earlier than October 1, 2023. Customers can migrate to a self-hosted model of the Wordcel frontend.
The shutdown of Gum raises questions concerning the sustainability of protocol-layer tasks within the Solana ecosystem, notably those who battle with income technology. Nonetheless, the staff stays “bullish on the way forward for client dApps on Solana,” indicating that whereas this chapter could also be closing, the story of client dApps on Solana is way from over.
The shutdown of Gum serves as a cautionary story for rising tasks within the unstable crypto market. Whereas the staff’s work will live on in an open-source format, the challenges they confronted spotlight the difficulties of transitioning from a community-supported challenge to a sustainable enterprise.
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