Bybit Web3 announced the cessation of several of its products, including NFT Marketplace, Inscription Marketplace, and IDO product pages, as part of its strategic initiative to optimize its ecosystem.
Bybit Web3 Strategic Changes
Bybit Web3 will discontinue operations for its NFT Marketplace, Inscription Marketplace, and IDO product pages on April 8, 2025, at 16:00 (UTC). This decision was made following a comprehensive review of user needs and market trends, aiming to enhance overall user experience and focus on blockchain-driven innovations.
Asset Management Recommendations
Users are advised to take necessary steps to manage their assets before the discontinuation date. The following platforms are recommended for checking or trading NFT assets:
- ETH Chain: OpenSea, Blur, Magic Eden - Mantle Chain: Element Marketplace, Mintle
For the Inscription Marketplace:
- Unisat - Magic Eden
For IDO participants with airdropped tokens in Bybit Web3 Cloud Wallets, it is recommended to transfer tokens to Bybit Web3 seed phrase wallets or private key wallets.
Management's Perspective
Emily Bao, Head of Web3 at Bybit, commented: "Bybit Web3 is evolving to focus on core innovations that bring the most value to our users. This strategic refinement allows us to enhance the overall user experience while concentrating on the next generation of blockchain-powered solutions."
Bybit remains committed to its mission of fostering Web3 adoption through continuous improvements and innovation. Users have been provided with a detailed action plan for managing assets amidst the changes.
