[Decentralized Social Media App Hey Announces Halt in Development] The decentralized social media app Hey (formerly Lenster) will cease development due to limited funding. According to the official statement, the annual profit from Hey Pro and Hey Names totals approximately $41,000, which is insufficient to support the team in operating the platform at the scale expected by users. The team emphasized that Hey has never promised tokens or airdrops, nor was it designed for mining, but rather as a social client based on Lens. Hey has been in continuous operation for four years, with its code remaining open-source, no lock-in terms, or hidden interests. The team has committed to handling refunds and providing explanations publicly.