Sophon shuts down its own Layer 2 and migrates to Base, shifting towards consumer application development Odaily Planet Daily News: Sophon, which has raised a total of $70 million, announced that it will shut down its own Layer 2 blockchain and migrate to Base, with a focus on consumer level application development in the future. Sophon stated that it is no longer reasonable to continue investing millions of dollars annually to maintain our own chain. Sophon co-founder Sebastien stated that the true value of the project lies not in "who runs the underlying track," but in the products built upon it. Therefore, Sophon will no longer maintain infrastructure, but instead concentrate resources on the application layer. It is reported that Sophon previously spent approximately $3.4 million annually on maintaining blockchain, covering blockchain infrastructure RaaS、 Expenditure on data, analysis, and development tools. After closing the self owned chain, it is expected to reduce consumption by about $3 million per year, thereby extending the funding pathway and investing more capital in application development.