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SpiritSwap, pioneering DEX on Fantom Opera Chain, announces winding down its operations. Community has until September 1 to withdraw liquidity. SPIRIT price drops by 36% in 24 hours to $0.0008 from $0.0012. In a letter addressed to the SpiritSwap Community, the pioneering decentralized exchange (DEX) built on the Fantom Opera Chain, SpiritSwap, has officially announced its decision to wind down operations and begin the search for a new team to take the reins. End of an era as @Spirit_Swap calls it quits; the very first place I landed on #Fantom 828 days ago They're looking for a team to hand things to; otherwise operations will cease on September 1; a guide to help users withdraw $SPIRIT dregs as they unlock will be developed 🪦 pic.twitter.com/Syu2wqNlAY — The Fantom Ecologist (@ftm_ecologist) August 9, 2023 As per reports from X (formerly Twitter) user Fantom Ecologist, the current team at the forefront of this DeFi pioneer is actively seeking a s...

Blockchain technology may be a solution when it comes to anti-theft measures for retailers. The retail industry is one of the most important sectors of the United States economy. Unfortunately, the COVID-19 pandemic has left the trillion-dollar retail sector vulnerable to in-store theft.  Findings from the National Retail Federation’s 2022 Retail Security Survey show that retail losses from stolen goods increased to $94.5 billion in 2021, up from $90.8 billion in 2020. Some retail ers also have to lock away certain products to prevent theft , which may lead to decreased sales due to consumers’ inability to access goods. Retailers look toward blockchain to solve retail theft Given these extreme measures, many innovative retail ers have started looking toward Technology to combat retail theft . For example, Lowe’s, an American home improvement retail er, has recently implemented a proof-of-concept called Project Unlock, which uses radio frequency identification (RFID) chips, Interne...