The post NFT Platform Recur Shuts Down Web3 Marketplace! appeared first on Coinpedia Fintech News
NFT platform Recur is shutting down its Web3 platform due to the ongoing crypto winter, despite raising $50 million and having backing from big-name brands. Recur aimed to create a marketplace for authenticated NFTs that could be traded across decentralized platforms. The market downturn has negatively impacted the company’s ability to sustain its operations. This underscores the challenges facing many crypto-related startups during the current uncertain market conditions.
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