Nifty’s, a renowned NFT platform, has announced that it will cease its operations immediately. Earlier this year, the company shifted its focus towards developing a platform for Web3 developers. Unfortunately, despite their best efforts, they failed to secure the investment opportunities on which they were counting, forcing them to discontinue their operations.
NFT Platform Nifty’s Announces Immediate Shutdown
In an extensive post on its official Twitter account, the platform stated that despite their considerable efforts to develop their unique product, the absence of investment opportunities significantly influenced Nifty’s decision to immediately cease its operations.
Nifty’s acknowledged that many customers have collected non-fungible tokens (NFTs) issued by them, including Game of Thrones: Build Your Realm, Bullet Train, The Matrix Avatars, and Looney Tunes: What’s Up, Block?.
Nifty’s Takes Steps to Preserve Existing Projects
The platform revealed that it had worked extensively on the continuation of these projects. In this regard, the company decentralized all NFT media and redistributed the NFTs on the Polygon blockchain if they were originally based on Ethereum.
For the Warner Bros. projects, the platform directed consumers to follow individual program handles on Twitter for more updates.
Nifty’s Encourages Users to Follow Specific Twitter Handles
Nifty’s suggested customers follow Twitter accounts like @matrix_avatars, @LooneyTunesNFT, and @BuildYourRealm. The platform said that customers could follow these project accounts to export their private keys while maintaining their NFT collections. The NFT platform expressed its regrets for this unfortunate decision.
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