The social NFT platform Rodeo announced that it will gradually shut down

According to Cointelegraph, the social NFT platform Rodeo has announced that it will gradually shut down, becoming the second NFT platform to announce its closure this week. The platform was launched in March last year through the Apple iOS store, focusing on a social-centric NFT collecting experience.

The platform's co-founder and CEO stated that although the product was well-loved by the core community, it failed to achieve the scale of growth necessary for sustainable operation, and therefore could not continue. From January 27 to February 10, the platform will continue to operate normally, after which it will switch to read-only mode and will completely shut down on March 10.

Rodeo has developed a user asset and data migration plan, including support for transferring media and metadata to the storage platform Arweave, and providing an asset migration assistant to guide users in transferring assets from the platform's smart contracts.