Solana NFT Marketplace Formfunction Shuts Down
- NFTs
- Security
Formfunction, a Solana-based NFT marketplace, announced it would shut down on March 29, just a year after raising $4.7 million in a seed round. The closure shocked users who saw it as a promising platform for Solana's NFT ecosystem. CT buzzed with speculation about mismanagement or lack of traction as reasons for the sudden exit. This marked another blow to Solana's NFT narrative during a tough bear market.