According to Foresight News, Hadrien Charlanes, the founder of decentralized reputation protocol Sismo, announced on platform X that the company has returned funds to its investors. Sismo's development pace was deemed unsustainable, and the company had previously raised $10.5 million from 130 investors. 51% of the funds have been returned, and Sismo has open-sourced some of its previously closed projects, planning to maintain the infrastructure for several months.
Charlanes expressed his willingness to support any team or individual who wishes to transform Sismo's work into a public product and welcomes interested parties to contact him directly. Sismo is a blockchain-based reputation project that uses zero-knowledge proofs, allowing users to aggregate their identities with Sismo Connect and selectively disclose personal data to applications.