Cryptocurrency Initiative Harpie Ceases Operations Due to Unsuccessful Business Strategy
Web3 security project Harpie, a venture backed by Dragonfly and Coinbase, has announced its closure. The decision to shut down operations will be promptly implemented.
In a statement, the Harpie team had dreamt of creating an ecosystem dedicated to safeguarding cryptocurrency assets against theft. Despite the noble intention, the platform encountered difficulties in establishing a viable business model, leading to its eventual demise.
Users have been urged to detach their wallets from the Harpie RPC through network settings in preparation for the shutdown. The platform's representatives have promised to provide a tool for withdrawing stored assets online in the near future.
A word of advice to the users: keep a keen eye on the project's official Discord community for updates on the shutdown process.
It's worth noting that Harpie's closure follows shortly after the shutdown of StarkNet-based trading protocol ZKX, which ceased operations last July due to financial hardships. Nevertheless, the specific reasons behind Harpie's shutdown are not elaborated in the available announcements.
As for withdrawing assets, users are advised to stay tuned for further instructions on the project's official channels. No step-by-step guidance for asset retrieval has been publicly outlined as of yet.
- The closure of Harpie, a Web3 security project, has highlighted the challenges in building a sustainable business model in the intersection of finance and technology.
- In light of Harpie's closure, it remains to be seen how the future of finance and technology-driven ventures will navigate the complexities of establishing a viable business model in this emerging space.
