Formfunction

It is reported that Formfunction, an NFT platform based on Solana, will close its website on March 29. Formfunction recommends that creators on the platform remove their projects from the shelves by March 29. Formfunction was launched in February 2022 to support the “one of one” NFT creator on Solana. Solana based NFT platform Formfunction announced that it will be closed on March 29 Analysis based on this information:Formfunction, an NFT platform based on the Solana blockchain, has announced that it will be shutting down its website on March 29, 2022. The platform, which was launched in February of the same year, is primarily focused on supporting “one of one” NFT creators on Solana. It’s imperative to note that the platform has recommended that creators remove their projects from the shelves by March 29. The reason behind Formfunction’s shut down is not clear at the moment. However, it appears that the move could be a posthumous aftermath of the platform…

According to the official blog, the Solana Ecological NFT Market Formfunction announced that it will close on March 29, and users still have full ownership of NFT. “After many discussions and careful consideration, we have come to the conclusion that we cannot continue to run Formfunction. We will continue to maintain Formfunction until March 29. After that date, users will no longer be able to access our website.” The NFT market Formfunction announced that it would close on March 29, and completed a funding of $470 a year ago Analysis based on this information:The Solana Ecological NFT Market Formfunction, a platform that allows users to buy and sell Non-Fungible Tokens (NFTs), has announced that it will shut down on March 29, 2022. According to the official blog post, the decision to close the platform was made after “many discussions and careful consideration.” The statement also assures users that they will retain full ownership of their NFTs even after the platform…