1
Steve Cohen backed Recur ready to close down less than three years after its launch.
2
The platform cited “Unforeseen challenges and shifts in the business landscape” as the main reasons for the shutdown.
Recur, an NFT startup is going to shut down less than three years of its existence. Although it is backed by billionaire Steve Cohen and has partnerships with popular brands like Hello Kitty, the platform decided to shut down in every respect.
Many famous NFT platforms have shut shop in the past number of months due to the flattening NFT market and one of the important reasons cited is the unpredictability of the market which forced them to challenge which are unknown. The ‘unknown challenges’ make it difficult to provide the level of services and dedication that the company decided to provide.
About Recur NFT Platform
The objective of the platform was promising. The NFT startup was once valued at $333 Million after a $50 Million infusion from
We współpracy z: https://www.thecoinrepublic.com/2023/11/10/nft-startup-recur-backed-by-billionaire-ready-to-wind-up/
