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Over Protocol announced the termination of operations due to a lack of funds and the cessation of all infrastructure services.

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PANews
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3 hours ago
AI summarizes in 5 seconds.

PANews April 29 news, according to official news, the Over Foundation announced that due to a lack of funds, it has stopped operating all infrastructure and related services of Over Protocol, including OverWallet, OverNode, OverFlex, RPC endpoints, block explorers, and APIs, and there are no plans for restoration. The foundation stated that although Over Protocol is designed as a decentralized Layer 1 mainnet, as its services are terminated, the chain will most likely no longer be able to continue operating in practice. The continuous generation of blocks depends on whether independent validators run open-source client software, and the foundation cannot guide or guarantee this outcome.

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