Odaily Planet Daily News: South African NFT trading platform Momint recently announced it will cease operations, primarily due to rising operational costs, sluggish user growth, and a challenging financing environment. The platform was founded in 2021 and gained attention for several high-value NFT sales, securing $2.1 million in seed funding during its early stages. As of mid-2024, the platform has processed over 400,000 transactions, attracting 53,000 users and facilitating nearly $2 million in transaction volume. However, due to insufficient liquidity, regulatory pressure, and a bottleneck in user scale, it ultimately decided to shut down. (News.bitcoin)