<ul><li>Cryptocurrency exchange Bybit will shut down its NFT, Inscription, and IDO services on April 8 due to declining user activity and trading volume.</li><li>The decision is part of Bybit's strategy restructuring in response to decreased consumer interest in the NFT industry.</li><li>Users are advised to move assets from Web3 wallets to personal wallets with passphrases or private keys, and alternatives such as OpenSea and Magic Eden are recommended for NFT collectors.</li><li>Despite the closure of these services, Bybit remains active in other areas, such as experiencing capital inflow from centralized exchanges and focusing on financial transparency programs and technological support.</li></ul>

NFT, Inscription, and IDO Services to Be Closed by Bybit on April 8

Discover more