Ethereum-based Derivatives Project Velocity Shuts Down
In the end, the team decided to throw in the towel, as they feel it is “too early” for financial derivatives in the Ethereum ecosystem. Velocity, one of the many Ethereum-based projects, announced they would shut down shortly. This news came as quite a surprise, considering things were looking positive initially. After just nine months of hard work, the project will not cease to exist over the coming weeks. Another failed experiment using the Ethereum ecosystem. Velocity came into being in February of 2016. Its objective was simple” develop on-chain insurance products using the Ethereum....
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