XCAD Network ceases operations after five years, considering open-sourcing its code

Odaily News, XCAD Network announced on X platform that the company has no remaining funds, and staying on the exchange is a losing battle; products and services are no longer maintained. The company has been operating for five years and is one of the few companies that persisted this long without a T1 listing. After retail investors left the space, fan tokens failed to take off; attempts to pivot toward AI influencers were also unsuccessful, and there are no funds left to continue operations.

XCAD Network is considering open-sourcing its code for those interested to run it. This is not a continuation of the company's operations, nor is it a restart.