Rally, a social token platform, has announced that non-fungible tokens (NFTs) on its sidechain will no longer be accessible after Jan. 31.
Rally Sidechain to be Sunset Due to Crypto Industry Challenges
The platform cited a “challenging year” for the crypto industry in its decision to “begin to sunset” the sidechain.
Users have reported across social media platforms that the site will be shutting down and that NFTs will no longer be accessible. The platform’s developers have not said if they will be offering another path forward, but hinted at building “leaner web3 experiences and/or products on mainnet.”
Rally facilitated the launch of social token projects and the establishment of independent communities directly on the platform. The “creator coins” allowed users to monetize themselves and provide additional revenue.
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— Logll Tech News (@LogllNews) January 31, 2023
😎👉Full Story:https://t.co/v9LY3HpUPp pic.twitter.com/YqxYtpN6Ul
Recommended reading: 5 Tips for Beginner Bitcoin Traders
(Image credit: logll.com)
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Frequently Asked Questions
FAQ:
❓ What is Rally?
Rally is a social token platform that facilitates the launch of social token projects and the establishment of independent communities directly on the platform.
✔️ What is happening to Rally?
Rally is “beginning to sunset” its sidechain due to challenges in the crypto industry. NFTs on the sidechain will no longer be accessible after Jan. 31.
👉 What will happen to my NFTs?
NFTs on the Rally sidechain will no longer be accessible after Jan. 31.
