**Signal:** Russian social network VK (formerly VKontakte) will shut down its NFT platform, VK NFT Hub, on April 15th.
**Key Details:**
* **Closure Date:** VK NFT Hub to close on April 15, 2025. * **Reason:** Closure coincides with VK facing significant financial losses (net loss nearly tripled in 2024) and plans to raise funds to reduce debt. * **Impact:** Users urged to transfer NFTs to external wallets before the deadline. NFT-related visual markers on VK profiles will be removed. * **Context:** This adds to a trend of NFT marketplace shutdowns.
**NFT Market Sentiment:**
* Raises concerns about the overall health and sustainability of the NFT marketplace sector. * Reflects potential waning interest or profitability in certain NFT platforms.
