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Legend, the ultimate mobile app powered by Coinbase Windows Portable and powered by Coinbase Windows Portable A16z, will close on July 12 after two years.
In the end, the founder Jason Hobby left behind a thesis that should affect currencies. He wrote that the products that gain popular users are the ones that hide the block, which works.
The thesis behind the sunset
in Closing announcementصاغ حوبي فيشل ليجند كدرس في سوق عرض من كونه درسا منتجيا. He wrote that ordinary users “don’t care if the product is on the chain or not. It’s better. Faster payments, greater control over their money.”
The product that wins is not the one that explains the digital currencies better, but the one that is, the market share us.
This is a stark contrast to the marketing instinct that most consumer tracking applications have relied on for years, treating “chain funding” as a selling point rather than a quiet abstraction.
A mortgage worth 15 million dollars could not be transferred
Legend raised $15 million in a seed round in February 2025 led by the crowdfunding arm of Brian Horowitz with the participation of Coinbase Ventures.
Hobie, who was the former executive director in compound finance And Koenbase, built the iOS application as a one-click interface for decentralized, decentralized, , and advantages, and Koenbase, built the application and borrowing, and repeat strategies.
According to his hobby, the product found a real audience, but it never reached the level of popularity to justify this popularity.
Legend has not disclosed active users or downloads or storage volume publicly, and its illegal design means that it does not own TVL rights.
This closure follows the 2025-2026 pattern of consumer digital currency applications.
the Legend application remains even connected July 12, with weekly reminders for users to withdraw funds. The documents will remain for 60 days after the closure.
What happens after the product is my last hobby argument that the application of digital currencies the winner the winner the winner does not seem to be the application of digital transactions at all.
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