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Russia's VK will shut down its NFT platform on April 15th, and users need to migrate their assets as soon as possible

PANews|Apr 08, 2025 01:52

According to Cryptonews, Russian social media giant VK announced that it will close its NFT marketplace "VK NFT Hub" on April 15th due to expanding financial losses. VK's net loss in 2024 reached 94.9 billion rubles (approximately 1.1 billion US dollars), nearly three times that of 2023. The company recommends that users migrate NFTs to external wallets before closing, otherwise they will lose access.

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