Clockwork

avoid.net/clockwork→68/100·82% conf.

[AI-DRAFTED · AWAITING VERIFICATION]

68/100

[CAUTIONARY]82% conf.

Summary

Clockwork was a Solana-based smart-contract automation protocol that allowed developers to schedule transactions and build event-driven on-chain programs without relying on centralized cloud infrastructure. Founded in 2021 as Cronos and rebranded in 2022, the project raised $4 million in seed funding from Multicoin Capital, Asymmetric, and Solana Ventures before its founder announced an orderly shutdown effective October 31, 2023, citing limited commercial upside. No fraud, security exploits, or regulatory actions have been identified; the shutdown is assessed as a voluntary wind-down of a legitimate infrastructure project.

Connected Entities

1 entities · 10 linked investigations

Organizations

□Clockwork

Relationships

Also appears in

Gamma Strategies·28 BitGrail·2 Thorchain DEX·14 Crossmint·78 Access Protocol·47 Orca·85 KuCoin Exchange Hack·32 Zircon Gamma·32 CryptoZoo·8 Value DeFi Protocol·18

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Timeline(6 events)

2021-09

Nick Garfield founds the project, initially under the name Cronos, with a focus on payment automation programs on Solana.

CoinDesk / The Block funding coverage

2022-03

Cronos wins the Grand Champion prize ($65,000 USDC) at the Solana Riptide global hackathon, gaining ecosystem recognition.

Solana Media — Riptide Hackathon Winners

2022-08-30

Clockwork (formerly Cronos) closes a $4 million seed round co-led by Multicoin Capital and Asymmetric, with Solana Ventures participating.

CoinDesk

2023-08-28

Founder Nick Garfield publicly announces the team is stepping away from active development and will shut off all nodes on October 31, 2023, citing 'limited commercial upside.'

CoinDesk

2023-10-31

Clockwork shuts down all devnet and mainnet worker nodes as announced. The codebase remains open-source on GitHub.

CoinTelegraph / CryptoPotato

2024-02-07

GitHub shows release v2.0.19 tagged, indicating post-shutdown community maintenance activity on the open-source repository.

GitHub — clockwork-xyz/clockwork releases

Provenance & Audit Trail

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