Forma Announces Shutdown of Blockchain Network and Migration of NFTs to Ethereum Mainnet
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Forma Announces Shutdown of Blockchain Network and Migration of NFTs to Ethereum Mainnet
NFT platform Forma announced it will cease operations of the Forma blockchain, stating that continuing to maintain the network is unsustainable. Forma stated it will migrate the Modularium platform and Forma NFTs to the Ethereum mainnet to ensure the long-term continuity of related works and trading markets. After the migration is complete, user NFTs will remain accessible and can be traded on Ethereum ecosystem markets such as OpenSea, while Modularium will continue to operate as a display platform for these NFT series. Forma also urged users to withdraw on-chain funds via the Forma Bridge as soon as possible. Unwithdrawn assets will be manually migrated by the team to a new EVM-compatible chain at a later stage. The team emphasized that user funds and NFT assets are secure, and specific migration timelines and processes will be announced subsequently.
Navigating Web3 tides with focused insightsTechFlow News, July 26, NFT platform Forma announced it will cease operations of the Forma blockchain, stating that continuing to maintain the network is no longer sustainable. Forma stated that it will migrate the Modularium platform and Forma NFTs to the Ethereum mainnet to ensure the long-term continuity of relevant works and trading markets. After the migration is completed, user NFTs will remain accessible and can be traded on Ethereum ecosystem markets such as OpenSea, and Modularium will also continue to operate as a showcase platform for these NFT series. Forma also urged users to withdraw on-chain funds via Forma Bridge as soon as possible; unwithdrawn assets will be manually migrated by the team to a new EVM-compatible chain subsequently, while emphasizing that user funds and NFT assets are safe, and specific migration timelines and processes will be announced subsequently.
