XMTP SHUTS DOWN HOSTED NETWORK, GOES OPEN-SOURCE IN EARLY 2027

Summary from the TLDR Crypto newsletter

XMTP Labs is shutting down its hosted messaging network in early 2027 and transitioning to open-source, self-hosted software, after admitting its early bet on Web3 identity, wallets, and a token failed to generate developer demand. The project has confirmed no token will launch, and developers can run the full stack, inspect it, and set their own policies. CTO Nick Molnar consolidated the backend into a single Rust binary supporting attachments, push notifications, handles, and signed webhooks, with SDKs available for mobile, web, servers, and agents without a wallet requirement. Self-hosted deployments are isolated by default, and agents from different companies can coordinate when connected to the same backend instance.