BlockBeats News, May 26th, AI Trading Builder Brian announced that the Brian app is no longer open to users. The Brian API will remain active for developers in the next three months, and developers can request access permission.
Brian started at the 2023 ETHPrague hackathon in June 2023 with the goal of developing a transaction builder that allows users to convert text prompts into on-chain transactions. The sponsors responded very enthusiastically, and the project won five first prizes from The Graph, Gnosis, AAVE, Gateway, and Taiko. In the months following the hackathon, Brian went through three phases: closed testing in November 2023, public testing in February 2024, and official release in July 2024.
After the AI agent frenzy, none of the VCs the team contacted cared about the roadmap, traction, or team skills. They only asked about TGE, lock-up period, and the strategy to compete with other tokens, not other apps. For these reasons, the team failed to raise seed round funding. The team found themselves consuming early-stage seed capital every day for infrastructure costs without a clear path to reverse the trend or continue executing the roadmap.
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