TechFlow news — Aqua, an NFT marketplace focused on the Web3 gaming sector, has officially announced it is ceasing operations. In an open letter, Sean Ryan, CEO of Aqua and former Vice President of Facebook, stated that while Aqua initially partnered with blockchain companies such as Immutable and Polygon Labs to build a gaming NFT marketplace and offer white-glove embedded solutions for game developers, the overall growth of the Web3 gaming industry fell short of expectations. Additionally, the company encountered difficulties in fundraising, leading to the decision to shut down.
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