Decentralized social media app Hey will cease development

ChainCatcher reported that the decentralized social media application Hey (formerly Lenster) will cease development due to limited funding. According to the official statement, the annual profit from Hey Pro and Hey Names is approximately $41,000, which is insufficient for the team to operate the platform at the scale users expect. Over 99% of users use Hey completely free of charge. "We have never promised tokens or airdrops. It was never designed for mining. It is a social client based on Lens, not a protocol, treasury, or fund control center. We have continuously released updates for four years, constantly adding new features and maintaining full transparency. Even in the event of unexpected situations, we have handled refunds and explanations publicly. The code remains open source. There are no lock-in terms, no hidden interests; this is simply a community tool."