Forma Chain Shutdown Confirmed, NFTs to Migrate to Ethereum L1

Forma halts chain operations citing unsustainability. Modularium and Forma NFTs will migrate to Ethereum L1 to ensure permanence. Users urged to withdraw funds via bridge.

Woofun AI reports that Forma has announced the shutdown of its chain due to operational unsustainability. As a transitional measure, Modularium and Forma NFTs will migrate to Ethereum L1 to guarantee the permanent existence of artworks and the marketplace. Post-migration, these assets will remain accessible and tradable on OpenSea or other Ethereum marketplaces, with Modularium continuing to function as the display platform.

The team strongly advises users to withdraw funds through the Forma bridge. Assets not withdrawn in a timely manner will be manually migrated to an EVM-compatible chain to be determined later. The project asserts that user funds and NFTs remain secure, with specific timelines and migration procedures to be disclosed subsequently.