August 29, 2023
In a surprising turn of events, Clockwork, an innovative open-source automation engine designed for the Solana blockchain, has announced its decision to cease operations.
The project, well-known for its smart contract automation platform, is set to shut down its nodes on both its developer net and mainnet on October 31, 2023.
Clockwork’s founder, Nick Garfield, explained the rationale behind this unexpected move, citing “limited commercial upside” as the primary factor. Garfield emphasized that while the on-chain programs would be frozen, the project’s code would remain open-source and available for forking on GitHub, ensuring the community’s ability to carry on its work.
Ultimately the reason we are stepping away now is simple opportunity cost.
We admittedly see limited commercial upside in continuing to develop the protocol, and have a growing personal interest to explore new opportunities.
5/
— Nicholas Garfield (@time_composer) August 27, 2023
This decision comes as a surprise to many in the blockchain community, as Clockwork had garnered attention for its innovative approach to automating tasks on the Solana network. However, the team’s assessment of the project’s long-term viability seems to have led to this decisive action.
As Clockwork prepares to wind down its operations, its users and supporters will undoubtedly be watching closely to see if any new developments or projects arise from the ashes of this once-promising Solana-based endeavor.
