Linera is winding down operations after its LNRA community sale on Sonar raised $848,271 in USDC from 617 participants, or 57% of the $1.5 million minimum required to close the offering. The sale did not proceed and contributions were refunded. Emergency financing efforts that followed also failed, leaving the project without the capital needed to continue operations toward its planned mainnet launch. The team said the shutdown, announced on September 19 and effective immediately, was driven by funding constraints rather than a problem with Linera's technology, team or community. Linera is winding down its application and plans to eventually close its Discord server while continuing to answer questions during the transition. Community points balances will remain recorded, but the project said it cannot guarantee they will receive consideration in the future. Founded by former Meta researcher Mathieu Baudet, Linera had raised about $12 million in earlier rounds led by a16z and Borderless Capital. The team still hopes to complete the protocol and launch applications, but has provided no timetable.