Is the NFT Era Coming to an End? Why Did LG Shut Down Its Platform?
🚨 Another big shock for the NFT market! LG has announced that it will shut down its NFT platform, LG Art Lab, on June 17, 2025.
Launched in September 2022, this platform allowed users to display NFTs on LG TVs and collaborate with digital artists. However, LG now says it is shifting focus to new technologies.
NFT Market in Decline?
❌ The NFT market cap currently stands at $3.67 billion, far below earlier expectations.
📉 Major collections like CryptoPunks and Bored Ape Yacht Club have seen significant price drops.
🏢 Companies like Kraken and RTFKT are also shutting down their NFT operations.
Will NFTs Make a Comeback?
Many experts believe the NFT hype is over, while others see a potential comeback in a new form.
💬 What do you think?
Should people still invest in NFTs, or is it a fading technology? Share your thoughts in the comments!
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#CryptoPunks