Hi Blum Team,

I just read your recent announcement regarding the decision to discontinue the development of certain products, including Perps and the chat trading bot, due to the current market conditions.
Building in Web3 is never easy. Behind every product are months, sometimes years of research, development, testing, and significant financial commitment. Market cycles can be harsh, and tough decisions are sometimes necessary to protect the long-term vision of a project.
While this update may be disappointing to some community members, it is important to recognize the transparency shown by communicating this clearly. Strategic pauses or pivots are part of navigating volatile markets.
I appreciate the effort and investment the team has put into this journey so far. Wishing the entire Blum team strength, clarity, and success in your next phase of development.
Shalom 🙏