VK in Russia will shut down its NFT platform on April 15.

According to ChainCatcher news and reports from Cryptonews, Russian social media giant VK announced that it will close its NFT market “VK NFT Hub” on April 15 due to continued financial losses. VK’s net loss for 2024 reached 94.9 billion rubles (approximately 1.1 billion dollars), nearly three times that of 2023. The company advises users to migrate their NFTs to external Wallets before the closure, otherwise they will lose access.

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