Due to the current state of the economy, Solana's #Cardinal protocol is shutting down after raising $4.4 million to increase the usefulness of nonfungible tokens (#NFTs ) around a year ago.

Users must request withdrawals by August 26 according to a recent tweet from the protocol.

By providing protocols and software development kits (#SDKs ) for various uses, including #staking, rentals, subscriptions, royalties, and trading, infrastructure provider Cardinal Labs had focused on supporting NFT use cases on the #Solana network.

Various operations will come to an end on July 19 in accordance with the closing plan.