The Ethereum DAT project, spearheaded by Li Lin, Shen Bo, Xiao Feng, and Cai Wensheng, has been shelved, leading to the return of approximately 200 million USD raised from investors.
The shelving is attributed to recent market downturns and falling stock prices for DAT companies, particularly following the ‘1011 incident’. Future plans for the project are unclear, with the team focusing on investor interests.
Leave a Reply