XCAD Network has announced that it is ceasing operations, saying its accounts have seen no updates since April and that no funds remain. The team said staying listed on exchanges had become a losing battle, while its products and services will no longer be maintained. According to the project, it operated for five years and was among the few that lasted that long without securing a listing on a top-tier exchange. It also said its fan token business failed to regain momentum after retail participants left the market. The team later tried to pivot toward AI influencers, but that effort also fell short. XCAD Network is now considering open-sourcing its code so others can run it if needed, while stressing that such a move would not mean the company continues or that the project is being restarted.
XCAD Network has announced that it is shutting down, according to ChainCatcher.
The project said its accounts have not been updated since April and that it has no funds left. It added that staying on exchanges had become a losing battle, and that its related products and services will no longer be maintained.
XCAD Network said the company had operated for five years and was one of the few projects that lasted that long without being listed on a top-tier exchange.
It also said its fan token business did not recover after retail users exited, and that an attempt to pivot toward AI influencers was unsuccessful. The team said it can no longer continue.
The project is now considering making its code public for anyone who may want to run it independently. It said that would not represent a continuation of the company or a restart of the project.
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