DAO governance platform Tally is shutting down after 6 years, impacting 500+ DAOs like Uniswap, Arbitrum, ENS. CEO Dennison Bertram cited regulatory shifts: former SEC pressure pushed decentralization via DAOs, but current leniency makes it "nice-to-have" not "must-have," reducing governance tool demand. The "Ethereum infinite garden" vision for broad adoption also didn't materialize, with consolidation around dominant protocols. AI sector talent competition also hurt venture capital models for governance tools. The combination of a relaxed regulatory approach, market consolidation, and talent competition created unsustainable challenges. #crypto #blockchain #news