Orbis Labs, which is developing Layer 2 ZK-Rollups on Cardano, stated that the project had been suspended owing to a lack of finance and a lack of certainty. NFT operations have been suspended till further notice.
Orbis stated that it was now formulating a long-term plan for the project. The Orbis Labs Github organization will continue to be open source and accepting of outside contributions for the time being.
The project shared that because of the limitation in capital coming from investors, has resulted in this result.
In addition, the project’s community group is also suspended.
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