Kadena Blockchain Revival Plan Announced by Community Takeover Team

Kadena's Revival Plan

Kadena, a decentralized blockchain organization, is planning a comeback after announcing a cessation of operations. The revival effort is led by a new Community Takeover Team (CTO), with Daniel Keller playing a key role.

  • Previously announced shutdown due to inability to continue operations.
  • Daniel Keller reveals plans for a protocol revival with new features.
  • The team aims to develop the next version of Kadena.
  • InFlux Technologies Limited will assist in restructuring focusing on legal and platform support.
  • Flux I Decentralized Cloud will aid in foundational groundwork, aiming for broader integration within the chain.

Rebranding Trends in Crypto

  • Omni Labs rebrands to Nomina, an Ethereum-native Layer 1 interoperability protocol.
  • Omni Network sees a 6% daily price increase following the rebrand announcement.
  • Backpack Exchange launches Backpack EU as a rebrand of FTX EU, offering limited beta access to regain user trust.