Nickelodeon NFT Creator Recur Shutters Its Platform – Accused Of Hard Rug Pull
Recur, the digital asset incubation studio and the team behind non-fungible token collections such as Hello Kitty and Nickelodeon, has announced shuttering its trading platform. In this article, we shall look at the future of Nickelodeon and other NFTs now that the digital asset firm has locked its platform. In an August 18 blog post, the web3 platform Recur confirmed shuttering down its NFT market platform, describing its bearish move as a tough decision. The Nickelodeon and Hello Kitty NFT creator has set a final closer date on November 16, 2023.
Established in 2021, Recur is a Web3 platform known for assisting major enterprises in launching innovative, multi-chain digital collectible experiences. The digital asset firm has launched some of the most popular NFT projects, including Rugrats, Hello Kitty, Star Trek, Hey Arnold, and Nickelodeon NFTs. In the meantime, Recur has halted all cross trading among different blockchains. The web3 firm has announced to have removed all NFT metadata and media to Filecoin’s decentralized storage network before the end of November this year. This decentralized storage protocol will ensure NFT metadata remains accessible on the platform. Crypto investors have until mid-November to offload their outstanding balances using the USDT feature on portal.recur.com.
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