Solana-based Automation Startup Clockwork to Shut Down

The venture-backed startup’s founders saw “limited commercial upside.”

Clockwork to shut down (Heather Zabriskie/Unsplash)

Solana-based automation tooling startup Clockwork’s time is up.

The Multicoin Capital-backed project’s founder Nick Garfield said Sunday that he and his team were “stepping away from active development of the protocol” and will shut off its infrastructure on Oct. 31.

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Clockwork built tech to facilitate payroll payments and other regularly-occurring transactions that smart contracts – the backbone for building economies on blockchains – could conceivably improve.

“Ultimately the reason we are stepping away now is simple opportunity cost,” Garfield said in a post on X, formerly Twitter. “We admittedly see limited commercial upside in continuing to develop the protocol, and have a growing personal interest to explore new opportunities.”

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Garfield encouraged Clockwork’s users to fork its open source code and build their own versions of the project, even once the team pulls support.

Edited by Stephen Alpher.

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Danny Nelson

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