**Immutable Shifts Focus, Retires NFT Marketplace**

Immutable, a key player in the gaming and NFT blockchain space, has announced it will retire its NFT marketplace on August 13. The company aims to expand its ecosystem through strategic partnerships rather than compete with existing marketplaces.

Immutable's marketplace was initially created to showcase its software development kit (SDK), but many projects have since flourished using this technology. The company encourages users to explore other marketplaces within its ecosystem.

User assets will remain secure on the blockchain, linked to their wallet addresses. Immutable's global order book ensures listings are visible across multiple marketplaces.

This move comes amid a downturn in NFT sales, with volumes dropping 45% quarter-on-quarter in Q2 2024. Despite the slump, industry insiders remain optimistic about the future of NFTs.