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.

Rollups are networks that process transactions off a base blockchain before posting the results back to it. Launches for such platforms have slowed while existing networks continue to shut down, leaving less room for the reusable infrastructure Syndicate had built, it said.

Syndicate co-founder Will Papper…