Formfunction's Demise: Solana (SOL) NFT Marketplace Takes a Hit

• Formfunction is closing up shop only 13 months after it opened.
• The news saddens the majority of community members, while others are suspicious.
• Solana remains the #3 ranked blockchain by NFT Sales Volume.

The Solana (SOL) ecosystem is struggling to keep its head above water following the collapse of FTX. Amidst SOL fluctuations, decreased non-fungible token (NFT) sales, and declining interest, another Solana-based platform is closing up shop.

The latest one to bite the dust is Solana-based NFT marketplace Formfunction. On March 15th, 2023, the platform announced it will be “shutting down on Wednesday, March 29th.”

Formfunction’s closure will occur only 13 months after the marketplace launched and one year...

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