NFT Platform Recur to Shut Down, Despite $50M Raise and Big Name Backers
NFT startup Recur has announced that its Web3 platform will be winding down due to the challenges of the crypto winter. Users will no longer be able to withdraw NFTs, cash out stablecoin balances, or trade collectibles on Recur-hosted marketplaces. The company cited unforeseen challenges and shifts in the business landscape as reasons for this decision.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
NFT Platform Recur to Shut Down, Despite $50M Raise and Big Name Backers
NFT startup Recur has announced that its Web3 platform will be winding down due to the challenges of the crypto winter. Users will no longer be able to withdraw NFTs, cash out stablecoin balances, or trade collectibles on Recur-hosted marketplaces. The company cited unforeseen challenges and shifts in the business landscape as reasons for this decision.