#seb audet

The post Zapper CEO Announces Orderly Wind Down After 7-Years appeared on BitcoinEthereumNews.com. Zapper will shut down completely on August 3, ending its run as a portfolio tracker in decentralized finance (DeFi). Co-founder and CEO Seb Audet announced the decision on X, saying the team weighed several options before concluding that a controlled wind-down made the most sense. Zapper to Close Website, Apps, and API Services on August 3 The CEO said that at its peak, the platform served more than 2 million monthly active users and processed over $13 billion in transaction volume.  The project also drew heavyweight backing in its early years. According to CryptoRank data, Zapper raised $16.5 million across two rounds, both led by Framework Ventures.  The Series A closed in 2021, raising $15 million with participation from Sound Ventures and Mark Cuban. The earlier seed round landed $1.5 million in 2020, backed by Coinbase Ventures, CoinFund, CoinGecko Ventures, and more. Audet framed th

The post Zapper Shuts Down After 7 Years, Ending a Journey That Processed $13B appeared on BitcoinEthereumNews.com. Key Takeaways: After nearly seven years, Zapper’s operations will come to a halt on August 3. The platform had over 2 million users and had achieved $13 billion in transactions a month. CEO Seb Audet said that considering options, an orderly wind down was the best option. Zapper is one of the more prominent DeFi portfolio management websites to announce its shutdown in the next month. It wraps the end of a project designed to enable millions of crypto users to handle their assets throughout the rapidly increasing decentralized finance sector. Zapper Announces Full Shutdown Co-founder and CEO Seb Audet confirmed that after considering several options for the business, Zapper is going to be a permanent casualty. There were multiple options on the table, but Audet said the company eventually determined that it would be best to end in an orderly fashion. https://t.co/nPrY80Su

The post DeFi Dashboard Zapper to Shut Down After 7 Years appeared on BitcoinEthereumNews.com. Decentralized finance (DeFi) analytics platform Zapper announced it will shut down next month, becoming the latest crypto platform to fold amid a market downturn. In a post to X on Wednesday, Zapper CEO Seb Audet said Zapper’s website, mobile app and API services would shut down on Aug. 3, marking the end of a seven-year run after receiving backing from the likes of billionaire investor Mark Cuban in 2021. “We evaluated a number of different options, pursued some to the fullest extent possible, and came to the realization that an orderly wind down is the best course of action,” Audet said. While Zapper didn’t share the reasons behind its decision to shut down, Audet hinted in a response that the shutdown was due to falling demand, stating: “At the end of the day, the market decides.” Cointelegraph reached out for comment but didn’t receive an immediate response. Source: Zapper Zapper adds to