- Founded: 2020
- Ceased Operations: 2023
What did Clockwork do?
Clockwork was a decentralized application (dApp) that operated on the Solana blockchain. The dApp was composed of a smart contract and a web application. The smart contract was responsible for storing the state of the dApp, such as the list of scheduled tasks and the results of those tasks. The web application was a user interface that allowed developers to create and manage scheduled tasks.
Clockwork raised a total of $4 million in funding over 2 rounds.
Who started Clockwork?
CEO Nick Garfield and CTO Jovan Zatezalo
Why did x go out of business?
Clockwork was unable to raise enough money to sustain its operations. It was also facing competition from other automation platforms, such as Chainlink and Tellor.
Clockwork’s founders said that they were disappointed to have to shut down Clockwork, but they felt that it was the best decision for the company.