Forma chain said it will cease operations and move key assets to Ethereum. The network, built on Astria and Celestia, said Modularium and Forma NFT will be migrated to Ethereum layer 1 to preserve both the artworks and the marketplace tied to them. After the move, users will be able to trade their NFTs on OpenSea and other Ethereum-based marketplaces, while Modularium will remain the home for those collections. The team also asked users to withdraw funds through the Forma bridge during the transition. Any funds that are not withdrawn will be manually transferred to an EVM-compatible chain that will be announced later. The project said it aims to make the transition as smooth as possible.
Forma chain said it is shutting down operations. The network was built on Astria and Celestia, and the team said it will try to keep the transition as smooth as possible.
As part of the shutdown, Modularium and Forma NFT will move to Ethereum layer 1 so that the artworks and their marketplace can continue to exist there. After the migration, users will be able to trade their NFTs on OpenSea and other Ethereum marketplaces. Modularium will continue to serve as the home for those collections.
The team also encouraged users to withdraw funds through the Forma bridge. Any funds that are not withdrawn will be manually moved to an EVM-compatible chain that will be announced later.
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