The NFT utility platform Cardinal, which previously raised $4.4 million, announced that it will cease operations
ChainCatcher news, the NFT utility protocol Cardinal on the Solana chain announced on Twitter that it will gradually shut down the protocol, attributing the closure to a difficult macro environment.
Cardinal is an NFT infrastructure protocol built on Solana, aimed at enhancing the utility of NFTs, including use cases such as NFT leasing, staking, ticketing, and custody. It completed a $4.4 million seed round in July 2022, led by Solana Ventures and Protagonist, with participation from Animoca Brands. (Source link)
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