• Skynet platform to be retained
• CEO David Vorick continues to believe in Skynet’s vision
Skynet Labs is about to go out. This was announced by CEO and founder David Vorick in a blog entry on the company’s website. According to Skynet, it is “an open protocol and toolbox for creating a better web – one based on decentralized storage and applications.” In concrete terms, this means that Skynet Labs offers users the possibility to build decentralized apps, integrations etc. using the Skynet platform, while the user data always remains in the hands of the user.
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Not the outcome we wanted, but not the end of the road for Skynet either.https://t.co/3YQcYSyhV6
– David Vorick (@DavidVorick) August 12, 2022
This is made possible by a non-binding commitment from Sia, which claims to be the leading decentralized cloud storage network, which Vorick also co-founded, but which was taken over in 2021 by an independent NGO, the Sia Foundation.
Skynet platform should remain
According to Vorick, it is also thanks to this foundation that despite the end of Skynet Labs, the Skynet platform continues to be operated and thus remains available to users. As the CEO writes, the company will continue to run for about another twelve weeks. In that time, everything should be brought to an end in such a way that the transition to a time without Skynet Labs is as smooth as possible. For this reason, more work will be done on the infrastructure in the coming weeks to ensure that all integrations with Skynet partners continue to work. The company states that the skynetfree.net and skynetpro.net addresses will continue to work “at full capacity”, but that the siasky.net portal will also be closed in the coming months. However, all data and files would remain accessible online.
Majority of positions eliminated
According to Vorick, with the closing of Skynet Labs comes a massive one downsizing along. As the founder writes, half of the employees have already been laid off, but the remaining number should be halved again over the next month. The final end of the company is likely to come in the next three months when all the necessary work has been completed.
That led to the end
In the blog entry, David Vorick is self-critical and outlines how Skynet Labs could end. According to him, two main problems contributed to the collapse of the company. For one, Skynet Labs would have focused on too many projects at once, instead of focusing on “one piece of the product line at a time.” On the other hand, the startup would not have managed to establish itself as a constant in the crypto universe. While Skynet Labs “managed to build a platform with millions of monthly active users, these users were largely from outside the crypto community and were therefore not readily willing to contribute to fundraising.”
At the end of the blog entry, Vorick is combative: “The loss of Skynet Labs is a step backwards for the Sia community and the Skynet ecosystem. However, the fight is not over and we will continue to march forward. Nobody has one yet creating compelling user experiences for the decentralized web and I believe Sia + Skynet are positioned to be the first to create that.”
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