Odaily News: Former Clockwork employee Nick, from the decentralized automated network on the Solana ecosystem, posted on the X platform (formerly Twitter) stating that due to limited opportunities and commercial prospects, the Clockwork development team and himself have decided to discontinue protocol development. Developers can continue to use the software, but the team will shut down the Devnet and nodes on the mainnet on October 31st. On-chain programs will be frozen, and the code will continue to be open source and freely available on GitHub.

Nick stated that if the community is willing to improve the protocol, the team will fully support forking and release. For users who currently rely on Clockwork, the team will do their best to ensure continued service.

Previously, in August 2022, Clockwork announced the completion of a $4 million seed round of financing, led by Multicoin Capital and Asymmetric, with participation from Solana Ventures and El Cap Ventures.