Sophon Sets Nov. 25 Deadline for Asset Withdrawals Ahead of Mainnet Shutdown
Sophon has announced a Nov. 25 deadline for users to withdraw their digital assets before the network permanently shuts down its mainnet infrastructure and associated websites. The closure follows a decision made in June, when developers announced plans to abandon the standalone Ethereum layer-2 blockchain and move operations to Base.
Developers explained that the ongoing costs of maintaining an independent blockchain no longer justified the benefits. The project launched as a zero-knowledge layer-2 network aimed at consumer applications, gaming, entertainment, and artificial intelligence, but is shifting its focus toward consumer finance and AI on Base. Users holding Sophon (SOPH), Ether (ETH), USDC (USDC), or outstanding staking and Guardian rewards must claim and withdraw their holdings prior to the deadline, as remaining funds risk becoming permanently inaccessible.
The shutdown comes amid wider consolidation in the layer-2 sector, following a similar decision by Abstract, an Ethereum layer-2 platform that announced an impending closure after its parent company incurred significant financial losses. Sophon, which previously raised $60 million through a node sale in 2024 following a $10 million funding round, urges all active participants to remove assets before infrastructure is disabled.
Key points
- Sophon set Nov. 25 as the final deadline for users to withdraw assets before its mainnet infrastructure shuts down.
- Unclaimed Sophon (SOPH), Ether (ETH), USDC (USDC), and staking rewards risk permanent loss after Nov. 25.
- The network is abandoning its standalone zero-knowledge layer-2 blockchain to focus on consumer finance and AI on Base.
- Sophon previously raised $60 million through a node sale in 2024 in addition to an earlier $10 million funding round.
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How we writeDisclaimerQuestions and answers
When is the deadline to withdraw assets from Sophon?
Users must withdraw their assets and claim outstanding staking or Guardian rewards by Nov. 25, when key infrastructure and websites will shut down.
Why is Sophon shutting down its mainnet?
Sophon determined that the costs of maintaining a standalone blockchain were no longer justified and chose to shift its operations to Base.
What happens to assets left on Sophon Chain after Nov. 25?
Any assets remaining on the Sophon Chain after the Nov. 25 deadline risk becoming permanently inaccessible.