Social NFT platform Rodeo announces it will gradually shut down

PANews January 28 News, according to Cointelegraph, social NFT platform Rodeo announced it will gradually shut down, becoming the second NFT platform to announce suspension of operations this week. The platform was launched in March last year through the Apple iOS store, focusing on a social-centered NFT collection experience.
The co-founder and CEO of the platform stated that although the product is loved by the core community, it failed to achieve the scale necessary for sustainable operation, and therefore cannot continue to operate. From January 27 to February 10, the platform will continue normal operations, after which it will switch to read-only mode and will be fully closed on March 10. Rodeo has developed a user asset and data migration plan, including support for transferring media and metadata to the storage platform Arweave, and providing an asset migration assistant to guide users in transferring assets from the platform’s smart contract.