Solana-based automation tooling startup Clockwork’s time is up.
The Multicoin Capital-backed project’s founder Nick Garfield said Sunday that he and his team were “stepping away from active development of the protocol” and will shut off its infrastructure on Oct. 31.
Clockwork built tech to facilitate payroll payments and other regularly-occurring transactions that smart contracts – the backbone for building economies on blockchains – could conceivably improve.
“Ultimately the reason we are stepping away now is simple opportunity cost,” Garfield said in a post on X, formerly Twitter. “We admittedly see limited commercial upside in continuing to develop the protocol, and have a growing personal interest to explore new opportunities.”
Garfield encouraged Clockwork’s users to fork its open source code and build their own versions of the project, even once the team pulls support.
