anon

After reading this, it's quite obvious that the decisions made by @AvaLabs and @AvalancheFDN have led to a collapse of the ecosystem. - Poor comms leading to wasted technical resources - Misaligned incentives - A lack of support for strong builders - Funding decisions towards questionable people - Lack of transparency about key eco changes - Technical pivots misaligning capital incentives for builders and community leaders - Underperformance leading to a lack of VC/Seed interest - Lack of community alignment towards investments made by the ecosystem This looks quite bad and confirms most of what the community has been stating for months.

After 5 years building and supporting the @avax ecosystem exclusively, today we are announcing the closure of Colony because the ecosystem evolved in ways that no longer allow us to pursue our mission with conviction. This was not an easy decision, especially after 5 years committing our full focus, resources, and energy to Avalanche, its projects, its vision, and its community across multiple market cycles. But it is time to close this chapter. Before stepping away, we believe it is important to be transparent about our experience operating within the Avalanche ecosystem over the past several years. The full statement, including how the building environment changed materially, the structural challenges we faced, everything we built and delivered during that time, and the wind-down process and timeline, is in the article below: @Colonylab/the-end-of-the-road-ef0af614a47d" target="_blank" rel="nofollow noopener">medium.com/@Colonylab/the… As part of the wind-down: • Liquidity remains untouched • Community funds remain accessible • The team’s CLY token allocation was never sold nor staked – 5 years community alignment • Final distributions will be made to CLY stakers

Some personal news* - After nearly 5 years, I’ve made the decision to step down from my role as Chief Strategy Officer of @AvaLabs. This comes after a lengthy period of conversations and reflection. Officially, and for the past several months, I’ve been transitioning out of my responsibilities and preparing for a new chapter. Since joining in early 2021, just months after Avalanche's mainnet launch, when our team was a lean group of ~20 people, @avax has been my home, my passion, and a defining part of my career. We've delivered countless upgrades, scaled a network attracting billions in capital across more than 80 chains, brought major banks, asset managers, and enterprises onchain, powered gaming ecosystems, and fostered a vibrant community. I'm proud of what we've built together and the role I was able to play in it. I will forever be grateful to all the people at Ava Labs and the broader Avalanche ecosystem but in particular @el33th4xor, @John1wu, @kevinsekniqi and @JohnNahas84 for the opportunities to grow both personally and professionally. It's a rare privilege to contribute to such a talented team driven by an ambitious mission. As for Avalanche, I remain a believer in the technology, the opportunity, and many of my colleagues. I’ll continue observing, building, advising where valuable, and supporting from the sidelines. I plan to complete my non-operating term as one of the Board Directors for the Avalanche Foundation, which concludes in a few months. As for what’s next, for now I'm pausing to recharge. I’ll be catching up on precious family time (including with our third child, now six months old) and investing in myself a bit. I have and will continue having conversations about where I’m best positioned to contribute to this industry, perhaps as a founder or in another role. I remain as optimistic as ever that blockchains will transform the internet and I intend to contribute my energy towards that future. Stay tuned! -Luigi