According to Odaily, Terraform Labs (TFL) has recently announced the strategic sale of its business, including its wholly-owned subsidiary Proximity Panorama, LDA. TFL is actively selling its investment tracking platform Pulsar, cryptocurrency wallet platform Station, no-code DAO management platform Enterprise, and its smart contract automation protocol Warp.
TFL stated that the sale is aimed at 'maximizing value for creditors and other stakeholders'. It is also part of its broader gradual business shutdown, in accordance with the settlement terms reached with the U.S. Securities and Exchange Commission (SEC).