Paradigm-invested DAO solution Utopia will cease all services

Odaily News DAO solution Utopia announced that it will stop all services on November 6, and the product will be free to use until the end of this month. The project emphasized in the announcement that this action does not mean closing the company, but rather abandoning existing products and existing directions. It is reported that Utopia is a salary, expense and operations management provider for DAO, which can simplify operations, manage payroll and integrate financial reports. Previously, in June 2022, the project received US$23 million in financing led by Paradigm, Circle Ventures, Coinbase Ventures, Infinity Ventures Crypto, Distributed Global, etc. participated in the investment.