According to official news, the ZK-powered L2 project Sophon, which previously raised $60 million, has announced it will shut down its proprietary blockchain and transition into a consumer product studio under the name SOPH, based on Base. Sophon stated that the era of crypto infrastructure is over, as maintaining its own chain costs millions of dollars annually without generating sufficient value. Moving forward, value will shift to the application layer. Their first product, Pyre, is set to launch in early July, positioned as an 'entertainment finance' daily payment app. Users will be able to spend, save, transfer, and earn, with interactive gameplay integrated into every transaction. https://www.(wublock123.com)/news/sophon-shuts-down-layer2-migrates-to-base-focuses-on-consumer-apps-63483