The taxi application Teleport on the Solana chain announces shutdown

According to The Block, the decentralized ride-hailing app Teleport has announced its closure. The project was established in 2022 and had received $9 million in seed funding led jointly by Foundation Capital and Road Capital. Teleport will provide withdrawal support for users until February 28th, during which time users can retrieve their remaining USDC stablecoin balance and private keys.