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South Korean Telecom Giant Ceases NFT Operations


by CoinEdition

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South Korean Telecom Giant Ceases NFT Operations
  • The decision to close MINCL is due to changing business circumstances.
  • Users holding KT Wiz Rookie Pack NFTs were advised to transfer them to external wallets.
  • KT Corporation, a South Korean telecommunications giant, plans to close its NFT platform, MINCL, effective March 4, 2024.

KT Corporation, the telecommunications giant in South Korea with assets exceeding $32 billion, has announced the imminent closure of its non-fungible token (NFT) platform, MINCL. According to the announcement, the platform will be closed effective March 4, 2024.

The decision to close down the platform was attributed to changing business circumstances. MINCL has been operating under the digital transformation subsidiary KT Enterprise.

Launched just two years ago in April 2022, MINCL catered to both retail and institutional users, providing a platform for creating, trading, and storing NFTs. The platform was particularly well-known for its KT Wiz Rookie Pack NFTs, which served as digital collectibles honoring the KT Corporation-owned professional baseball team.

In an official service termination notice, KT Mincl expressed gratitude to its users for their patronage and explained …

The post South Korean Telecom Giant Ceases NFT Operations appeared first on Coin Edition.

Read the article at CoinEdition

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Coins

$ 0.0433

+2.84%

$ 0.000342

$ 0.00...378

-3.25%

Funds

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South Korean Telecom Giant Ceases NFT Operations


by CoinEdition

Share:

South Korean Telecom Giant Ceases NFT Operations
  • The decision to close MINCL is due to changing business circumstances.
  • Users holding KT Wiz Rookie Pack NFTs were advised to transfer them to external wallets.
  • KT Corporation, a South Korean telecommunications giant, plans to close its NFT platform, MINCL, effective March 4, 2024.

KT Corporation, the telecommunications giant in South Korea with assets exceeding $32 billion, has announced the imminent closure of its non-fungible token (NFT) platform, MINCL. According to the announcement, the platform will be closed effective March 4, 2024.

The decision to close down the platform was attributed to changing business circumstances. MINCL has been operating under the digital transformation subsidiary KT Enterprise.

Launched just two years ago in April 2022, MINCL catered to both retail and institutional users, providing a platform for creating, trading, and storing NFTs. The platform was particularly well-known for its KT Wiz Rookie Pack NFTs, which served as digital collectibles honoring the KT Corporation-owned professional baseball team.

In an official service termination notice, KT Mincl expressed gratitude to its users for their patronage and explained …

The post South Korean Telecom Giant Ceases NFT Operations appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 0.0433

+2.84%

$ 0.000342

$ 0.00...378

-3.25%

Funds

Share:

In This News

Coins

$ 0.0433

+2.84%

$ 0.000342

$ 0.00...378

-3.25%

Funds

Share:

Read More

Why is Crypto Market Down Today?

Why is Crypto Market Down Today?

Key Insights: The crypto market is under collapse as of writing after a sharp move du...
Crypto Traders Crushed as Long Positions Are Vaporized in Market Freefall

Crypto Traders Crushed as Long Positions Are Vaporized in Market Freefall

It’s an unexpectedly bruising day for crypto assets, tumbling right in step with U.S....