Kraken is saying goodbye to its NFT marketplace:

⚪️Most services (bidding, selling, listing) will stop on Nov 27.

⚪️Full closure set for Feb 2025.

⚪️Users can withdraw funds before the shutdown.
#Kraken aims to focus on developing new products and services. This decision aligns with challenges in the #NFT​ market—#artemis reported a 50% drop in NFT trading volumes in June, with Ethereum, #Solana_Blockchain , and #bitcoin☀️ seeing significant declines.

As NFT markets evolve, Kraken’s pivot could signal a broader trend of exchanges rethinking their strategies. What’s next for NFTs in crypto?🤔