Wu Blockchain (@WuBlockchain): a16z-Backed Syndicate Labs Is Winding Down
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a16z-Backed Syndicate Labs Is Winding Down a16z-backed on-chain development startup Syndicate announced that Syndicate Labs will shut down after five years of building, citing a fundamental shift in the Rollup market and a significant contraction in market size. The team clarified that the decision is unrelated to the recent cross-chain bridge exploit. Syndicate had previously raised more than $27 million in funding. http://x.com/syndicateio/status/2057291537860706672