DMM Crypto has announced the cessation of the Seamoon Protocol, citing changes in the business environment as the main reason for the project's closure.
Main Reasons for Seamoon Protocol Closure
The Seamoon Protocol was powered by the SMP token in the DM2 Verse on the Oasys layer-2 blockchain. The project's cessation is attributed to the rapid changes in the business environment, which posed challenges for its sustainability. DMM Crypto has stated that the project is terminated early due to these challenges.
Impact on Platform Projects
The Kanpani Girl Re:Bloom game, which debuted in October as part of the protocol, will be wound down by January 31, 2025. Other services on the platform are also under discussion concerning their reduction.
History and Wind Downs of DMM Projects
DMM Crypto, a cryptocurrency exchange associated with DMM.com, was launched in January 2023, and the Seamoon Protocol in June 2023. DMM Bitcoin, another of the company's exchanges, opened in September 2017 but faced a major hack in 2024. DMM.com was also involved in crypto mining from January 2018 to January 2019.
The closure of the Seamoon Protocol highlights the challenges faced by projects in rapidly changing business environments and the need to adapt to new conditions.
