Lotus Founder Bunjil Announces Pause in Development

Today, LotusNFT Founder Bunjil announced a development pause for Lily and Lotus Gang collections due to challenges in finding a sustainable and profitable path. Key points from the announcement include:

- The Lotus Validator will continue to operate.
- The remaining treasury funds will be staked in the validator.
- A snapshot has been taken of Lotus Gang, Lily, and Rap Pack collection holders, with the intention to reward them in the future.
- Royalties for Lily are reduced to 0%, and Lotus Gang royalties are now optional.
- Droplets will remain operational.

This development reflects a broader trend of projects pausing or closing due to sustainability issues, even though there is hope for future efforts.