The decentralized social media application Hey will cease development.

Foresight News reports that the decentralized social media application Hey (formerly Lenster) will cease development due to limited funding. The official statement indicates that the combined annual profit from Hey Pro and Hey Names is approximately $41,000, which is insufficient for the team to operate the platform at the scale users expect. Over 99% of users use Hey completely for free. “We have never promised tokens or airdrops. It was never designed for mining. It is a social client based on Lens, not a protocol, treasury, or fund control center. We have continuously released updates for four years, adding new features and maintaining complete transparency. Even in the event of unforeseen circumstances, we will publicly handle refunds and explanations. The code remains open source. There are no lock-up terms, no hidden interests, this is just a community tool.”