{"id":135148,"date":"2024-08-08T19:00:09","date_gmt":"2024-08-08T16:00:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135148"},"modified":"2024-08-08T12:33:18","modified_gmt":"2024-08-08T09:33:18","slug":"nft-marketplace-to-shut-down-amid-market-challenges","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/nft-marketplace-to-shut-down-amid-market-challenges\/","title":{"rendered":"NFT Marketplace to Shut Down Amid Market Challenges"},"content":{"rendered":"<p>Originally created to demonstrate the Immutable SDK\u2019s features, the marketplace will now pivot to supporting other platforms within the ecosystem. Immutable aims to boost these external marketplaces rather than compete with them directly.<\/p>\n<p>The company <strong><a href=\"https:\/\/market.immutable.com\/deprecation-notice\" rel=\"nofollow\">assures<\/a><\/strong> users that their blockchain assets will remain accessible through any marketplace, maintained by the Immutable Global Orderbook.<\/p>\n<p>This move follows GameStop\u2019s February shutdown of its NFT marketplace, which had partnered with Immutable, citing regulatory uncertainties as the reason.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-135127\" href=\"https:\/\/cryptodnes.bg\/en\/robinhood-reports-40-revenue-growth-and-record-deposits-in-q2\/\" title=\"Robinhood Reports 40% Revenue Growth and Record Deposits in Q2\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_robinhood-6-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Robinhood Reports 40% Revenue Growth and Record Deposits in Q2<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>The NFT market has been volatile, with sales volumes dropping significantly from $1.29 billion in February to $429.93 million in July, according to CryptoSlam. Despite this, Q2 2024 saw an 8% increase in sales volume compared to the same period last year.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Immutable, a key player in the NFT and blockchain gaming space, is closing its NFT marketplace on August 13, with a full redirection by September 27.<\/p>\n","protected":false},"author":3,"featured_media":50412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"coin_category":[],"class_list":["post-135148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NFT Marketplace to Shut Down Amid Market Challenges<\/title>\n<meta name=\"description\" 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