❌ Decentralized Email Project Dmail Decides to Shut Down Service
It has been reported that Dmail, well-known to Koreans for securing a bonus from OKX Jumpstart, is finally closing down its business.
⏰ Service Termination Schedule: Phased service termination starting May 15, 2026
📦 Reasons for Service Termination
1. Cost Issues
- Decentralized infrastructure (storage, bandwidth, computing) costs are extremely high
- Costs skyrocket as the number of users increases → Unsustainable
2. Failure of Revenue Model
- Experimented with a paid model, but there is no clear structure for users to pay
- Tokens also lack practical utility → Collapse of the economic model
3. Deterioration of Market Environment
- Rapid cooling of the crypto market
- Misjudgment of the outlook for the decentralized SNS/email market
* There were also other issues, such as team member departures and failure to attract investment.
They left a farewell message, adding a comment expressing their hope that, if possible, the cryptocurrency market will pay more attention to the ‘product’ itself rather than the price. (However, since pricing is also something the team needs to consider, I cannot fully agree with this sentiment.)
It is not just Dmail; I believe that in the future, there will be many more projects shutting down like this if they fail to find a clear revenue model or demonstrate sustainable performance. While current market conditions have undoubtedly had an impact, this implies that simply draping a shell of "decentralization" or "Web3" has its limits.
Many projects are born to seek attention and solve specific problems within the blockchain, but if they lack the genuine ability to solve those problems or fail to generate revenue, they will inevitably be shunned by investors without exception. Now that investors are smarter, it is difficult to see the kind of blind altcoin market seen in the past.
I believe that if a team truly focuses on the product, the token price will naturally follow. Rather than blaming investors for obsessing over the price, a reassessment of the product itself is necessary. I hope that as the market matures, the teams leading these projects will also become more mature...
