Why was SG Atlantis cancelled?

Can you tell me why the highly anticipated project, SG Atlantis, was ultimately cancelled? Was it due to a lack of funding, regulatory issues, or perhaps a change in market conditions? Did the developers face unexpected challenges during the development process? And what does this mean for the future of similar projects in the cryptocurrency and finance space? Understanding the reasons behind this cancellation can help us better navigate the evolving landscape of blockchain-based initiatives.