Nifty’s, a popular NFT platform, has recently declared to stop its operations at once. In the initial months of this year, the company changed its attention toward creating a forum for Web3 developers. Unluckily, despite the best endeavours of the company, it remained ineffective in availing itself of the investment opportunities on which it was operating. It also added that the respective situation compelled the platform to put an end to its activities.
Nifty’s Decides to Terminate Its Operations Amid the Lack of Investment Opportunities
In a lengthy post on its official Twitter account, the platform disclosed that it made considerable efforts to develop its exclusive product. However, it added, the lack of investment opportunities has played a significant role in the decision of Nifty’s to instantly terminate its operations. In addition to this, the platform stated that it is aware of the fact that several clients have gathered non-fungible tokens (NFTs) issued by it including Game of Thrones: Build Your Realm and Bullet Train, The Matrix Avatars, and Looney Tunes: What’s Up, Block?.
On the other hand, the platform revealed that it had been working a lot on the continuation of those projects. In this respect, the company decentralized the entirety of the NFT media along with redistributing the NFTs on the blockchain of Polygon, if they were originally based on Ethereum. In the case of the Warner Bros. projects, the platform guided the consumers to follow the separate program handles present on Twitter to get more updates
The Platform Advises the Users to Follow Separate Twitter Accounts for Exporting Private Keys
They take into account @matrix_avatars, @LooneyTunesNFT, and @BuildYourRealm. It brought to the front that the consumer can follow the above-mentioned project accounts to export the private keys while retaining the NFT collections belonging to them. The NFT forum also expressed regret for this unfortunate decision.
