Bybit Becomes Latest Crypto Firm to Shutter NFT Marketplace

Quick Summary:

Once a hotbed of digital speculation, the NFT space continues to unravel as major platforms back away, including Bybit.

Nike-owned RTFKT ceased operations in January after steep declines in the value of its NFT collections.

Once touted as a revolutionary leap in digital art and ownership, the NFT market has struggled to recover from the crypto winter.

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Article Details

Author / Journalist: Callan Quinn

Category: Crypto

Markets: EstoniaNorth Korea

Topics: NFTs Bybit Nfts Inscription Marketplace

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 02:25:20 (1 days ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 27528899

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 7 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 10 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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