Solana NFT marketplace, Formfunction, has announced that it will shut down on March 29, saying it “cannot continue to operate.” The marketplace is set to close after only 13 months of operation.
In a blog post on March 15, Formfunction informed its users that the decision to shut down the marketplace came after “much discussion and careful consideration.”
The post went ahead to thank creators who supported the platform, although it did not state the reasons why it is shutting down.
The company, however, assured creators that they still fully own their NFTs in what they termed the “beauty of web3”. It added that they are making it easy to export a hashlist of all NFTs so that creators can continue to display and sell their work on other platforms.
The platform will continue running until March 29, after which users can no longer access their website.
Creators urged to de-list NFTs
Formfunction called on creators to download their hashlists and de-list their pieces before the deadline to ensure easy listing on other platforms.
The company said that although the end has come, the team is still excited about the 1/1 art ecosystem and will continue to cheer creators in the space.
Formfunction’s head of community
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Author: Julius Mutunkei
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