Crypto media outlet Blockworks has announced it will phase out its role as a delegate in the Arbitrum DAO.

Regarding the decision, Blockworks explained via its X (formerly Twitter) account, "It is a decision made in line with our business goals," adding, "We are not pessimistic about the future of the Arbitrum DAO. We will continue our collaborative relationship with the Arbitrum Foundation and Offchain Labs."

This decision to end its delegation aligns with the context of Blockworks' announcement late last year that it would discontinue its news business.