Immutable

<ul><li>mmutable is retiring its NFT marketplace to prioritize supporting and expanding its ecosystem through strategic partnerships.</li><li>Assets on Immutable’s NFT marketplace are secure, remaining accessible to users via blockchain-linked wallet addresses.</li><li>Despite a downturn in NFT sales volumes in 2024, industry professionals remain optimistic about the future of NFTs.</li></ul>In a strategic move aimed at growing its ecosystem, Immutable, a big market player in the gaming and non-fungible token (NFT) sector, has <a href="https://market.immutable.com/deprecation-notice" rel="noopener noreferrer nofollow">announced</a> plans to retire its proprietary NFT marketplace. The closure is set for August 13, as the company shifts its focus towards supporting and fostering growth within its network through partnerships.Rationale Behind the ClosureImmutable explained that the initial purpose of their marketplace was to demonstrate the capabilities of the Immutable software development kit (SDK). Since its launch, several projects utilizing this SDK have emerged and flourished. Immutable expressed a preference for collaboration over competition, stating, &#34;As a company, rather than compete, we would prefer to support these marketplaces and see the Immutable Ecosystem grow.&#34; This move encourages users to explore other marketplaces within the Immutable ecosystem.<a href="https://cryptotale.org/immutable-ends-nft-marketplace-to-boost-ecosystem-growth/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Immutable Ends NFT Marketplace to Boost Ecosystem Growth

CryptoTale

Other articles published on Aug 9, 2024

Bitcoin’s Value Swings Raise Questions About Its Stability

Do Kwon to be Extradited to South Korea: Montenegro Court Upholds Decision

NuCypher Coin Facilitates Secure Data Sharing

Binance Labs' New Investment: What is Particle Network?

3 Altcoins Poised for 50x Gains as Market Activity Surges Following Ripple-SEC Case Ruling

SEC Pushes Back Against Coinbase’s Demand for Gensler Emails on Digital Assets

Join our free newsletter for daily crypto updates!