Solana-based Uber Rival Teleport Shuts Down, Citing Business Challenges

Cryptopolitan

2025-01-31 02:13:40

SOL4,62%

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Teleport, the decentralized ride-hailing service on Solana, announced Thursday that it is shutting down

The company admitted it has been unable to sustain operations It wrote:

“This is not the outcome we had hoped for, but we’re incredibly grateful for this community and everyone who believed in the vision and showed up with enthusiasm. Your support meant everything. Thank you for believing in us.”

Teleport shuts down as users have until February 28 to withdraw funds

The company’s website

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