Vine’s closure saw the end of one of the internet’s favorite platforms, so when creator Dom Hofmann shared plans for another app called V2, it was good news for fans of the six-second video app. Sharing a statement on the V2 forum, Hoffman has now written he has to put the project on hold, citing a need for more funding, Fader reports.
“I didn’t expect to write this even a few weeks ago, but I’ve made the very difficult decision of postponing the V2 project for an indefinite amount of time,” he wrote. “There are several reasons for this, including a bit of ‘sequelitis,’ but I’d like to explain the biggest one, which is due to financial and legal hurdles.”
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