Crypto startup Entropy, backed by a16z, is shutting down and will refund investors, according to founder and CEO Tux Pacific. After four years and multiple pivots, the project was unable to find a scalable business model, leading to the decision to cease operations and return capital to its backers. The development highlights the challenges faced by crypto startups in achieving sustainable growth and profitability in the rapidly evolving Web3 landscape.

Crypto startup Entropy, backed by a16z, is shutting down and will refund investors, according to founder and CEO Tux Pacific. After four years and multiple pivots, the project was unable to find a scalable business model, leading to the decision to cease operations and return capital to its backers. The development highlights the challenges faced by crypto startups in achieving sustainable growth and profitability in the rapidly evolving Web3 landscape.