Forma chain Announces Termination of Operations, Assets to Migrate to Ethereum

Foresight News reports that Forma chain, built on Astria and Celestia, has announced it will cease operations. The team has pledged to ensure a smooth transition and stated that Modularium and Forma NFTs will migrate to Ethereum L1 to ensure the permanence of artworks and the marketplace. After the migration, users' NFTs can be traded on OpenSea or other Ethereum marketplaces, and Modularium will continue to serve as the home for these collections. Additionally, the team encourages users to withdraw funds via the Forma bridge, and any unwithdrawn funds will be manually migrated to an EVM-compatible chain to be announced later.