PANews|Jan 28, 2026 03:02
[Social NFT Platform Rodeo Announces Gradual Shutdown]
According to Cointelegraph, social NFT platform Rodeo has announced that it will gradually shut down, becoming the second NFT platform this week to announce its closure. The platform was launched in March last year through the Apple iOS store, focusing on a social-centric NFT collection experience.
The platform's co-founder and CEO stated that although the product was well-loved by its core community, it failed to achieve the scale growth necessary for sustainable operations, making it impossible to continue running. Between January 27 and February 10, the platform will continue to operate normally, after which it will switch to read-only mode and fully shut down on March 10. Rodeo has developed a migration plan for user assets and data, 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 contracts.
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