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.
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