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Yep, hopefully it will not affect SMT development in any way.

SMT development? Is that rumor still kicking around? Should come online in 2024?

Well they have been putting out an update on their SMT development each week:

https://steemit.com/steem/@steemitblog/smt-development-update-4

The testnet is expected to launch around mid-January.

Still a long ways to go, but it may not be as much fairy tale as we originally thought!