NFT
Optimism’s largest NFT market has revealed that it’s going to not shut down in any case. The group revealed {that a} outstanding participant from the web3 gaming house had swooped in.
Quix, the biggest NFT market on Optimism, has introduced that it’s going to not shut down its market. The group tweeted on Feb. 28 {that a} “outstanding participant from the web3 gaming house” had develop into concerned, saving {the marketplace} from closure.
Quix introduced in November 2022 that it might shut its market — with the closure date set for Feb. 28. The group has left it till the final minute to tell customers of the rescue.
Launched in December 2021, Quix picked Optimism due to the scalability advantages that the layer 2 scaling answer gives. Fashionable NFT initiatives which have had a spot on Quix embody BoredTown, Oliens, Motorheads, and Ganland. Quix even constructed the ERC-721 bridge, which is a crucial a part of Optimism’s design.
NFTs skilled an enormous surge in recognition since their launch, however 2022 additionally noticed the market decline over time. Quix wasn’t the one platform affected by it, however customers will breathe reduction that {the marketplace} will live on.
Quix Comes Again From the Brink
The plans to close down got here as one thing of a shock to the crypto group. The undertaking did announce on the time that it might open supply the code on behalf of the Optimism group, however customers nonetheless felt dejection.
The shutdown announcement additionally talked about {that a} token grant can be provided retroactively to contributions and the group till Feb. 28. The group ended by saying that it remained optimistic concerning the NFT ecosystem’s future, and it seems that the optimism was well-founded.
Quix Suffered an Exploit Final 12 months
Quix has suffered different incidents which have put a pressure on its efforts. In July 2022, it suffered from an exploit that led to the theft of over $100,000 in OP and USDC. It introduced that it might refund all of the stolen tokens.
In the meantime, the Optimism community and its OP token have skilled strong progress over the previous weeks. The token has grown considerably because the begin of the 12 months, rising 135% towards ETH. The truth that Coinbase joined its ecosystem helped the token achieve 14%. The whole worth locked at the moment stands at $1 billion, with the Velodrome DEX being the largest platform on the community.