[Cosmos Ecosystem L1 Pryzm Announces Gradual Shutdown] Formerly known as the Terra ecosystem project Prism Protocol, Cosmos ecosystem L1 Pryzm has announced it will gradually cease operations, with plans to complete the process by January next year. Pryzm stated that the decision to shut down was due to the financial unsustainability of maintaining an L1 and the risks associated with transferring it to new management. Pryzm has requested users to redeem their assets as soon as possible within the next two to three days.