XMTP Labs, makers of the Web3 communication protocol, is sunsetting its shared network in early 2027. They're pivoting to open-source, self-hosted infrastructure for encrypted communication between humans & AI agents. Co-founder Shane Mac cited the Web3 social vision not materializing as expected & reliance on partners for adoption without sustainable demand. XMTP has never issued, nor plans to issue, a token due to difficulty finding a model backed by genuine usage. The company raised $20M in Series A (2021, led by a16z Crypto) and $20M in Series B (2025, $300M valuation).
#crypto #blockchain #news
Blockchain Report
npub1cg…nmysr
2026-10-22 12:18:02 UTC
Author Public Key
npub1cg2ejqexhx88llcve0yxts2exv5q9k0a88l69q0vp7y5n0f2xyfscnmysrPublished at
2026-10-22 12:18:02 UTCEvent JSON
{
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"pubkey": "c215990326b98e7fff0ccbc865c159332802d9fd39ffa281ec0f8949bd2a3113",
"created_at": 1792671482,
"kind": 1,
"tags": [],
"content": "XMTP Labs, makers of the Web3 communication protocol, is sunsetting its shared network in early 2027. They're pivoting to open-source, self-hosted infrastructure for encrypted communication between humans \u0026 AI agents. Co-founder Shane Mac cited the Web3 social vision not materializing as expected \u0026 reliance on partners for adoption without sustainable demand. XMTP has never issued, nor plans to issue, a token due to difficulty finding a model backed by genuine usage. The company raised $20M in Series A (2021, led by a16z Crypto) and $20M in Series B (2025, $300M valuation).\n\n#crypto #blockchain #news ",
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}