According to Foresight News: Former employee Nick revealed on Twitter that Clockwork, a decentralised automated network in the Solana ecosystem, has opted to stop protocol development due to poor revenue possibilities and opportunity expenses. The team will shut down nodes on Devnet and the mainnet on October 31, but developers can still utilise the software they have created until then. On-chain programmes will be put on hold, however the source code will still be available for free on GitHub. If the community wants to make changes to the protocol, the team will fully support any forks and releases. The team will make every effort to maintain service continuity for users who currently rely on Clockwork.
As previously reported by Foresight News, Clockwork closed a $4 million seed investment round in August 2022 that was co-led by Multicoin Capital and Asymmetric and included Solana Ventures and El Cap Ventures.