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Linera, a Layer 1 project backed by a16z, announced the immediate cessation of operations due to insufficient funding.
The Linera team announced on Discord the immediate cessation of operations. Its token sale on Sonar attracted nearly $900,000 in commitments but failed to meet the minimum threshold, and all contributions have been refunded. Emergency funding efforts also failed. Linera is shutting down its application and Discord community; point balances will be retained, but future earnings are not guaranteed.
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