The how and why and what next of Optimism’s NFT marketplace packing up

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Quix announces plans to cease operations in two months OP remained unfazed as its price rallied with the rest of the market On 23 November, Quix, the largest NFT marketplace on Optimism, announced its decision to cease operations by 28 February 2023. Launched on the scalable L2 blockchain ten months ago, data from Dune Analytics […]

OP remained unfazed as its price rallied with the rest of the marketits decision to cease operations by 28 February 2023.revealed that 131,532 addresses concluded 300,215 NFTs exchanges on Quix.

Quix built an Optimism ERC-721 bridge which now forms part of Optimism’s codebase. The same allowed for NFTs sales worth 4,033 ETH to be transacted during the 10-month period, data from Dune Analytics revealed.According to the press release, Quix stated that its code would “become freely available for the community to leverage and build with, starting January 6, 2023.” In addition, Quix assured NFT collectors on Optimism that NFT trading would soon be redirected to OpenSea.

When Optimism launched its OP token in May, Quix volunteered to be a governance delegate. Before its final cessation, Quix confirmed that it would “continue to participate in Optimism’s governance in the short term, but encourage token holders who delegated to the Quix team to re-delegate to others.”

Interestingly, when Quix announced its decision to cease operations, Stratos, “the largest NFT marketplace on Arbitrum,” alsoDespite news that the largest NFT marketplace on its network is closing down, Optimism’s native token

 

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