Immutable Announces Closure of NFT Marketplace
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 08 2024Closure of Immutable Marketplace: Immutable has announced the closure of its NFT marketplace, which will officially retire on August 13 and redirect by September 27, aiming to support external platforms instead of competing with them.
Decline in NFT Market: The NFT market has experienced a significant decline, with monthly sales dropping from $1.29 billion in February to $429.93 million in July, alongside a notable decrease in floor prices for leading collections like Bored Ape Yacht Club.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
