Aqua, the NFT marketplace for gaming, has shut down its operations, according to a Linkedin post by CEO Sean Ryan on Friday.

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Ethereum Gaming NFT Marketplace Aqua Shuts Down Citing Slow Industry Growth

Crypto gaming didn't scale as fast as it needed to for the Aqua NFT marketplace to stay afloat, its CEO said in a message.

The gaming NFT marketplace Aqua is no more, CEO Sean Ryan announced on Linkedin Friday. The plan was first shared last month, but as of today, it's official.

“At Aqua, we did some things well and some things not as well, but the Web3 gaming market isn't scaling to a mass market size in a time frame that made sense,” Ryan wrote. “Therefore, it was time to call it a day and move on to other opportunities, especially for our awesome employees.”

“I'm still a firm believer in the idea that gamers will own their gaming assets, but it's going to take a bit longer [than] we had all hoped,” the CEO added.
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