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Kraken Bids Farewell To NFTs – Is The Digital Art Boom Over?

  • Cryptocurrency firm Kraken plans to shut down its NFT marketplace in early 2025, raising questions about the future of NFTs.
  • Starting November 27, Kraken will terminate most of the marketplace's services, while users can still withdraw funds until February 27, 2025.
  • Kraken is closing its marketplace to focus on developing new products and services, according to a spokesperson.
  • The closure comes after Kraken recently trimmed its workforce and appointed a new co-CEO.

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