Superdao, a project aiming to assist communities in forming DAOs, has announced it will be closing its doors. It was blunt in its announcement: “it became clear that the crypto industry itself becomes much smaller than its initial ambition (’the new internet’) and specialized tools for crypto companies are unlikely to produce venture-scale outcomes.“The project had raised $10.5 million in a 2021 seed funding round, and has said they intend to return remaining funds to its investors.