Bybit Web3 has announced the closure of its NFT Marketplace, Inscription Marketplace, and IDO product pages to better serve its users, effective April 8, 2025.
Bybit Web3's Decision
Bybit Web3 is shutting down its NFT Marketplace, Inscription Marketplace, and IDO platforms to focus on optimizing its ecosystem. The decision follows a comprehensive review of user needs and market trends.
Asset Management Guidance
Users are advised to manage their assets before the shutdown date. Recommended platforms for ETH Chain assets include OpenSea, Blur, and Magic Eden, and for Mantle Chain assets, Element Marketplace and Mintle. IDO participants are advised to transfer tokens from Bybit Web3 Cloud Wallets to seed phrase wallets or private wallets.
Leadership's View on the Future
Emily Bao, Head of Web3 at Bybit, stated that Bybit is focusing on core innovations that deliver the most value to its users. This strategic refinement allows for enhancing the overall user experience while concentrating on next-generation blockchain-powered solutions.
Bybit remains committed to fostering Web3 adoption through continuous improvements. Additional information is available in Bybit's official announcements.
