In brief
- Syndicate Labs, a crypto infrastructure project, said it is winding down after five years.
- The closure follows shutdowns across NFT, DeFi, and wallet projects this year, alongside cuts across the broader tech sector.
- Consolidation has pushed users and liquidity to larger networks, Decrypt was told.
Syndicate Labs, a crypto infrastructure project that helped developers build on-chain communities, investment clubs, and rollup-based apps, said it is winding down after five years as the market shifted away from its core business.
The rollup infrastructure business no longer fit a market increasingly split between broad platform providers and bespoke chain development, according to a tweet from the company on Wednesday.
Syndicate has…
