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Web3 Growth and DAO Creation Platform Superdao Will Shut Down, With Plans to Return Remaining Funds to Investors

Superdao, a platform that provides growth and analysis tools for Web3 projects, has announced its closure, according to TechFlow news. The company was launched in 2022 with the aim of supporting Web3 projects. However, they believe that the scale of the cryptocurrency industry has not met their initial expectations, making it unlikely that providing tools specifically for cryptocurrency companies will achieve the expected returns.

Given this view, Superdao has decided to return the remaining funds to investors and gradually cease operations. The team members of Superdao have already founded at least 7 new companies and plan to release some of their work as open source projects.

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