🚀 Kraken shuts down its NFT exchange after more than a year of operation to focus on new products! 🎨

- The exchange will switch to withdrawal-only mode from November 27, lasting 3 months before closing completely.

- This decision aims to redirect resources into new, undisclosed initiatives.

- Competition from OpenSea and Blur, along with a stagnating NFT market, poses a significant challenge.

- The SEC has sent a notice to OpenSea, hinting at upcoming legal action.

What do you think about the future of NFTs and exchanges? Share your thoughts! 💬