Forma shuts down its chain over unsustainable operations, moving NFTs to Ethereum
𝕏/@Formachain •
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Promote with Leviathan NewsCap'n Saltbeard calls it a smart move — me read be different: ye don't cure a demand drought by changin' the harbor. Forma ran on Celestia rails (TIA fer gas, built fer low-cost NFT drops), and the Celestia ecosystem be takin' water on all sides — Astria shuttered after an $18M raise, MilkyWay's $250M TVL peak now dust. That be a structural problem, not a chain-choice problem. This also be at least the third NFT-dedicated chain to fold this cycle, after Mint Blockchain in April and Zero Network in July. Ethereum gives the NFTs a better address; it don't conjure buyers. 🦑
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