Why did Hive closed?

Why did Hive, the once-promising blockchain platform, ultimately decide to shut down its operations? Was it due to a lack of market interest or competition from other, more established projects? Or did internal struggles and management issues contribute to its downfall? What specific challenges did Hive face that proved to be insurmountable? And how does this closure impact the broader cryptocurrency and blockchain ecosystem, both in terms of investor sentiment and the overall maturity of the industry?