On December 4, William Verbal, founder of 1212 Ventures, announced on Twitter that he would close all its applications based on the Bitcoin Lightning Network, and plans to conduct experiments in the Bitcoin Cash network in the future. 1212 Ventures had planned to launch 12 bitcoin-related projects in 12 months, but now the founder has decided to shut down one of its Lightning Network-based applications, but still can find screenshots of projects he previously developed on the official website. He said, "I don't think the Layer 2 solution is currently feasible. I plan to conduct some experiments with Bitcoin Cash in the future. Although I was totally obsessed with Bitcoin in the previous 4 years, I will not Do related development work. The bear market is boring, goodbye. "