Privacy protocol Nocturne is shutting down its product and moving into app development

Privacy agreement Nocturne is about to close its product Nocturne v1 and will shift towards application development. More information about the new product will be shared in the coming months. The official statement said that last year they realized that the transition to public L2 and AA must come before privacy, as users are primarily concerned about cost and user experience. The timing of privacy protection depends on the practicality of cryptocurrency, and privacy issues are still secondary until these major obstacles are overcome. Deposits, transactions, and staking on Nocturne are currently suspended.

Previously reported, Nocturne Labs has completed a $6 million seed round of financing, with Bain Capital Crypto and Polychain Capital jointly leading, and Vitalik Buterin, Bankless Ventures, Hack VC, Robot Ventures, and others participating.