Web3 AI Assistant Project Brian Announces Suspension of Operations

ChainCatcher news, according to official sources, the Web3 transaction building tool Brian has officially announced its termination of operations.

The project started at the ETHPrague hackathon in June 2023, aiming to transform text instructions into blockchain transactions through AI. It had won multiple awards and seed funding. Despite going through closed testing, public testing, and official release phases, Brian lost its market first-mover advantage with the rise of the AI agent craze.

The founding team stated that investors were overly focused on token issuance and speculation, rather than actual application value, which led to the project's failure to complete its seed round financing. The team has decided to return the remaining funds and close the project.