NFT marketplace Nifty Gateway announced on Saturday that it was shutting down, and has now been followed by Rodeo, which only launched on iOS in March last year.
Social NFT marketplace Rodeo has become the second NFT platform this week to announce its closure amid a tough market climate for nonfungible tokens.
Rodeo launched via Apple’s iOS store in March last year and was designed to be a social-media-focused NFT collecting platform, with an emphasis on creators getting rewarded for posting over purely buying and selling NFTs.
It utilized complex crypto and blockchain features to make it simple for mainstream users.
