Formfunction, an NFT marketplace platform on Solana, will shut down its website on March 29, about a year after the project raised $4.7 million in a seed funding round.

Creators on the platform have been advised to delist their items before March 29. Formfunction launched in February 2022 to support “one of one” NFT creators on Solana. One of one, stylized as 1/1, in the NFT space, refers to non-fungible tokens minted as single, unique editions. They resemble unique pieces in the traditional art world and are usually created by NFT artists.

The March 15 announcement did not give reasons for ending the project, but called the decision “extremely difficult.” Formfunction CEO Katherine Liu thanked team members for their efforts in a statement issued on Wednesday.

(By Osato Avan-Nomayo)