XCAD Network Says It Has Run Out of Funds and Is Considering Open-Sourcing Its Code

XCAD Network said on X that it has no remaining funds, and that staying on exchanges has become a battle it cannot win. According to Odaily, the company said its products and services are no longer being maintained.The company said it operated for five years and was one of the few firms that lasted that long without securing a Tier 1 listing. It added that fan tokens failed to take off after retail investors left the sector, and that its attempt to pivot to AI influencers was unsuccessful.XCAD Network said it is considering open-sourcing its code for anyone interested in running it. It said this does not mean the company will continue operating or that it is restarting.