LG has announced the closure of its NFT platform, Art Lab, which was launched in 2022 and utilizes the Hedera blockchain network.NFT transactions on Art Lab will end on March 10, 2025, with transfers completed by the end of April.Art Lab users will have access to customer service until mid-July before the platform is completely shut down.The closure of Art Lab reflects a trend of major companies, such as Rtfkt, stepping back from the NFT sector.