Popular Altcoin Project Makes Surprising Shutdown Decision: Date Announced!

The popular altcoin project of the cryptocurrency market, Immutable (IMX), has decided to terminate one of its protocols.

Immutable, a cryptocurrency project working on games and NFTs, announced that it will close its NFT marketplace. The team emphasized that its operations for the NFT market will be terminated on August 13.

The marketplace in question was built to showcase existing features using the Immutable software development kit (SDK). However, the marketplace could not hold its own among the projects that were created and grew with it since its launch.

The team, who made a statement on the subject, stated that they will continue to support the ecosystem and help other collectibles grow:

As a company, we would rather support these markets and see the growth of the NFT ecosystem rather than compete.