Tally shuts down after canceling its planned ICO, concluding that DAO governance tooling is not a viable venture-backed business in today’s crypto market despite facilitating over $1B in payments and securing $80B in on-chain value.

Tally shuts down after canceling its planned ICO, concluding that DAO governance tooling is not a viable venture-backed business in today’s crypto market despite facilitating over $1B in payments and securing $80B in on-chain value.

𝕏/@tallyxyz •

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I can't wrap my head around this. A well to do upcoming project just shutting down like that. Really sad

Top comment by @Danicjade

More coverage

Tally Shuts Down After Five Years, Cancels Planned ICO - Phemex (phemex.com)
Tally's dignified farewell after five years | 律动BlockBeats on Binance ... (binance.com)
Tally Shuts Down, Cancels ICO as DAO Model Struggles (ourcryptotalk.com)
Crypto governance platform Tally winds down after scrapping ICO ... (cryptopolitan.com)
Tally shuts down operations amid reduced demand for DAO tools (cryptonews.net)

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