DMM Crypto’s Seamoon Protocol Faces Uncertainty Amid Stability Challenges and Project Termination

Seamoon Protocol is abruptly discontinued because of market evolution

The Seamoon Protocol was initially touted as a promising enterprise throughout the quickly evolving world of blockchain, largely because of its reliance on the SMP token. This initiative was launched on the Oasys Layer-2 blockchain and aimed to create a sturdy Web3 gaming ecosystem, embedded within the DM2 Verse. Nevertheless, with the current announcement of discontinuation, the destiny of the undertaking has taken a drastic flip. The Seamoon Portal supplied a hub for gaming and anime content material, however now current and potential providers are being assessed.

In stark distinction to earlier ambitions, DMM Crypto had been exploring potential partnerships with stablecoin platforms akin to Progmat, hoping to introduce a stablecoin to strengthen its ecosystem. Nevertheless, a current assertion displays a sobering shift in priorities: “Because of the current speedy adjustments within the enterprise surroundings which have created challenges to the sustainability of the undertaking, DMM Crypto has determined to terminate the undertaking prematurely.” This abrupt change not solely raises questions in regards to the viability of the protocol, but in addition places a highlight on the inherent dangers within the cryptocurrency market.