Estimates suggest the metaverse project raised 25,000 SOL at its NFT mints, earning between $2 to $4 million.
The founder of NeoNexus, a Solana-based NFT project, has stated the team is no longer developing the project, blaming the drop in Solana (SOL) prices for the decision.The project's founder, Jack Shi, took to the official Twitter account for NeoNexus, tweeting at 2 pm UTC on March 21 that it was no longer continuing the “healthy development” of the project, adding they would like to hand it over for the community to develop.It is with a heavy heart that we must inform you that we can no longer continue healthy development of the NEONEXUS project.