Bullish

Forma Chain Ceases Operations and Migrates Assets to Ethereum

2026-07-26 09:20:14

Forma chain shuts down, moving Modularium and NFTs to Ethereum L1. Users advised to withdraw via bridges as unused funds transfer to an EVM-compatible chain.

Woofun AI reports that the Forma chain, constructed on Astria and Celestia, has declared an end to its operations. The team commits to a seamless transition by migrating Modularium and Forma NFTs to the Ethereum L1 network to preserve artistic works and market continuity. Post-migration, users can trade these NFTs on OpenSea or other Ethereum-based markets, while Modularium continues to host the collections. The team urges users to withdraw funds through Forma bridges, noting that any remaining balances will be manually transferred to a future EVM-compatible chain.

WOOFUN AI

Impact Assessment · Quick Read

The shutdown of Forma highlights the fragility of niche modular chains and accelerates capital flow back to established infrastructure like Ethereum. For holders, the migration ensures asset liquidity on major DEXs but introduces execution risk during the bridge withdrawal process. This event may deter speculation on similar experimental L1s, reinforcing Ethereum's role as the primary settlement layer for digital art.
Generated by WOOFUN AI · For reference only, not investment advice

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