Solana Spaces has decided to close its two Solana (SOL)-themed community-oriented retail stores in New York City and Miami at the end of this month. These stores are located in both cities respectively. This decision was made as a result of the physical stores not attracting as many new users as initially anticipated when they first opened.

Solana Spaces announced the news via a tweet on February 21, which also contained a message from the store’s founder, Vibhu Norby, explaining the many factors that contributed to the decision to close the stores.

Norby, who founded Solana Spaces in early 2022, explained that the company had reached a “tipping point” with the stores, prompting them to shift their investment focus to “DRiP,” the new token artwork. non-expendable of the company. platform. This move was motivated by the fact that the company had reached a “tipping point”. Norby also said that he was responsible for establishing Solana Spaces in the first place.

“While our stores are adding 500 to 1,000 people a week, DRiP is adding that same number EVERY DAY,” Norby said, explaining why the company chose to change its investment priority. “While our stores are adding 500-1,000 people a week, DRiP is adding that same number EVERY DAY.” “While our stores attract between 500 and 1,000 customers each week, DRiP attracts that same number every day.”

Norby stated that the decision to close the stores, which are located in the Wynwood neighborhood of Miami and the Hudson Yards neighborhood of Manhattan, was made “a few weeks ago” and that they would “shell” at the end of February. Both neighborhoods are in New York City.

With the two stores in New York and Miami not opening their doors to the general public until late July and August, respectively, the ambitious venture was only operational for a relatively short period of time.