Ferdl

Hello Hytopians, As many of you know from weekly updates, HYTOPIA is currently waiting on a large tax refund from the IRS. Without these funds, we are unable to continue covering the operational costs required to keep the project running in its current state. We expected this refund to be resolved sooner, especially as we have been in communication with the IRS and have confirmed that the process is underway. In the meantime, our founders, @Temptranquil and @ArkDev, have been personally funding the project's operations for some time in an effort to keep things moving. At this point, we are forced to temporarily pause HYTOPIA's infrastructure while we wait for the funds to be released. This means hytopia.com and other HYTOPIA-related websites and services will be taken offline for the time being in order to reduce hosting and operational costs. Separately, our lack of operational funding has also contributed to an ongoing dispute with the HY Foundation regarding unpaid invoices. As a result, certain token-related deliverables are currently delayed while we work toward a resolution. We are actively working to settle on an amount that makes sense for both parties and to have the tokens released into the smart contracts they were originally intended for. As a reminder, the HY Foundation is a separate entity from HYTOPIA. While we are actively engaged in resolving the matter, there are parts of this process that are not entirely within our direct control. We currently expect downtime to last roughly 1–3 months while the IRS refund process is completed. Once the funds are received, we will provide another update with a clearer plan for next steps. We understand this is difficult news, and we know it may create frustration, uncertainty, and concern within the community. We are doing everything we can to navigate this responsibly and transparently. For now, we ask that everyone take it day by day with us. As always, your support means everything to us. ❤️ Team HYTOPIA