South Korean telecommunications giant KT Corporation launched the platform it established for Qualified Intellectual Property Deeds (NFT). It will close on March 4.
In total from 35 billion dollars The company, which manages a lot of assets, said that the reason for closing the NFT platform called MINCL was “changing business conditions” He stated that it was.
Users who held their NFTs on the MINCL platform were instructed to transfer them to different wallets. Users will not be able to access them after March 4 if they do not withdraw their NFTs.
The platform, launched by KT Corporation in April 2022, was used to generate, buy, sell and store NFTs.
Metaverse expert Park Hye-jin explains that companies They will not provide returns in the long run He said it was normal for them to close the businesses they thought they would. Park, “Things like this happen every time a big company launches a business out of FOMO.” he commented.