A Korean crypto startup that worked on the premium decentralized content exchange, Contents Protocol, shuts down after operating for 14 months. The reason for the shut down is said to be a lack of business and uncertainties involved with the regulatory authorities. Despite shutting down, Contents Protocol will refund all of their investors in which they will distribute about 27000 ETH based on their shares. Contents Protocol shuts down – with $10M raised a year ago Contents Protocol shuts down after being operational for 14 months after it raised $10 million (29,333.77 in Ethereum) in December of 2018 through its