The NFT market Formfunction announced that it would close on March 29, and completed a funding of $470 a year ago

According to the official blog, the Solana Ecological NFT Market Formfunction announced that it will close on March 29, and users still have full ownership of NFT. “After many discussions and careful consideration, we have come to the conclusion that we cannot continue to run Formfunction. We will continue to maintain Formfunction until March 29. After that date, users will no longer be able to access our website.”

Interpretation of this information:

The Solana Ecological NFT Market Formfunction has announced that it will be shutting down on March 29th. It has been a decision made after multiple discussions and careful considerations, as the company believes that they cannot continue to run the platform. However, the announcement also stated that the users will still have full ownership of their NFTs even after the closure of the market. The company will continue to maintain the platform until the mentioned date, after which users will no longer be able to access the website.

It may be a disappointment for users who have invested their time and money in the Solana Ecological NFT Market Formfunction, but it is also a reminder of the unstable nature of the NFT market. The eccentric market is filled with high risks, and one can not predict the future value of any NFT. It is a speculative investment, and it’s not recommended to put all your earnings into it.

The closure of the platform can be interpreted as the company’s losses in this game of speculation, which isn’t uncommon in the NFT market. As the competition increases, companies find it challenging to stay profitable, forcing them to bow out of the market. Moreover, it is impractical to continue a venture that doesn’t yield any profits.

Although the closure announcement may be heartbreaking for users, it is essential to understand that they won’t lose the ownership of their NFTs. It means they can still sell or hold onto their tokens, but they won’t be able to trade them on Formfunction after March 29. Therefore, it’s just a matter of inconvenience, and users can still benefit from their NFTs’ potential future value.

In conclusion, the closure of Solana Ecological NFT Market Formfunction is a reminder of the unstable nature of the NFT market. It is essential to keep in mind the high risks associated with such speculative investments. Additionally, the users can still hold onto their NFTs, and it’s just a matter of inconvenience losing the platform to trade them.