ICON has made the strategic decision to rebrand as SODAX, shifting its focus away from operating a Layer 1 blockchain. This rebranding reflects a shift in strategy towards a broader array of services rather than simply being a blockchain platform. The decision to abandon its Layer 1 infrastructure is aimed at enhancing the project's adaptability and competitiveness in an evolving blockchain landscape. It is seen as a move to better cater to user needs and market demands as the industry continues to mature. SODAX aims to deliver a more diversified offering, potentially including interoperability features and collaborations with existing blockchain networks, thus ensuring developers and projects have greater flexibility in their usage without being confined to a specific layer or technology.

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