The blockchain gaming infrastructure team Lattice is gradually shutting down, and the Redstone Network will cease operations on May 16.
Foresight News reports that the blockchain gaming infrastructure team Lattice has announced it will gradually shut down operations after five years, with its Layer 2 network Redstone scheduled to cease operation on May 16, 2026, at 07:59. Lattice reminds users to withdraw their funds before this date, especially assets in contracts such as Uniswap pools. After shutdown, only the L1 withdrawal contract will be deployed for external account balance withdrawals, and funds within contracts will be irretrievable.
Lattice was founded in 2021 and focused on building autonomous worlds, having developed the MUD framework, Redstone chain, Quarry, and Dozer tools, but was unable to achieve a sustainable business model. The team intends to use remaining funds for its final project, the DUST autonomous world, but its scale does not support ongoing operations, and they do not believe VC funding is the correct path.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nomura: Bond short squeeze and AI selloff trigger cross-asset 'reverse dispersion' rotation, with capital flowing into value stocks and small-cap stocks
Nomura Securities analyst McElligott believes that bond tightening and turmoil in the field of artificial intelligence will lead to a market reversal.
AI Is Splitting Software Into Winners and Losers, Citi’s Tyler Radke Says
KOSPI Jumps 3.54%, Nikkei Gains 1.43%, But How Is Oil Driving the Rebound?
Wedbush Bullish on AMD (AMD.US) Before Earnings: Server CPUs Take the Lead, 2027 Guidance Awaits Validation
AMD will announce its Q3 FY2026 results on November 3. Wedbush analyst Matt Bryson stated in the latest outlook that the actual figures for this quarter may not be the biggest variable; rather, the strength of server CPU sales will determine the short-term upside potential.
Crypto prices
More
