TapTools announced the cessation of operations within the next two weeks.
Reason: At the beginning of the year, the CTO and COO left the company. A backend developer temporarily took on the role of technical director, but now he has also left. It is not feasible to replace the technical expertise in the short term.
The team is unsure whether it can fulfill its commitments under the current conditions.
TapTools remains open to negotiations about acquisition or securing resources to continue operations.
Cardano Founder: The closure of TapTools could mark the start of a “wave of failures” in the ecosystem. More project closures are possible in the second half of the year.
Continue reading this article on source: x.com