Fantasy.top, Everclear, ZERO Network, and Syndicate Labs said they are shutting down, pointing to weak revenue, poor product-market fit, and prolonged industry pressure.
Several crypto firms are closing operations as the sector faces a prolonged market downturn. On Thursday, Fantasy.top, Everclear, and ZERO Network announced they are winding down, citing weak revenue and poor product-market fit. Earlier in the week, Syndicate Labs also said it is shutting down after five years. The closures highlight how weaker trading activity and tighter funding conditions can strain crypto startups, particularly those still searching for sustainable demand and business models.