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MakersPlace, a digital art platform, announced that it will cease operations, supporting a smooth transition for artists and collectors.
PANews January 17th News, according to MakersPlace official announcement, due to continuous market challenges and financing difficulties, the digital art platform announced that it will stop operating after six years of operation. From now on, the platform will disable minting, Token importing, and new account creation functions, but art purchases will continue temporarily. Artists and collectors need to transfer their works from the MakersPlace hosted wallet to their personal wallet before June 2025. The related tools will be launched in February. MakersPlace stated that unused funds will be returned to investors and fair severance packages will be provided to employees. All Ethereum NFTs on the platform can still be accessed through the secondary market. Digital artist Beeple responded to the news of MakersPlace ceasing operations, expressing regret and thanking the platform for its contribution to the digital art field, which has had a huge impact on his career.