Bybit Web3 Streamlines Operations, Discontinues NFT and IDO Services
Bybit Web3 Announces Strategic Refinement of Services
Bybit Web3, the Web3 division of Bybit, has announced a strategic refinement of its product offerings. Effective April 8, 2025, at 16:00 (UTC), the platform will discontinue its NFT Marketplace, Inscription Marketplace, and IDO product pages. This move aligns with Bybit Web3’s commitment to optimizing its ecosystem and delivering a more seamless user experience.
The decision follows a thorough review of user needs and market trends, ensuring Bybit Web3 remains at the forefront of blockchain adoption. By focusing on core innovations, the platform aims to enhance the overall user experience while concentrating on next-generation blockchain-powered solutions.
Guidance for Asset Management
To ensure a smooth transition, users are advised to manage their assets before the discontinuation date. For NFT assets, recommended platforms include:
- ETH Chain: OpenSea, Blur, Magic Eden
- Mantle Chain: Element Marketplace, Mintle
For Inscription Marketplace users, Unisat is recommended. IDO participants with airdropped tokens in Bybit Web3 Cloud Wallets are encouraged to transfer tokens to Bybit Web3 seed phrase wallets or private key wallets.
Commitment to Web3 Innovation
Emily Bao, Head of Web3 at Bybit, emphasized that this strategic refinement allows Bybit Web3 to focus on delivering the most value to its users. Bybit remains committed to fostering Web3 adoption through continuous improvements and innovation.
Bybit Web3 continues to redefine openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. With a community of over 130 million wallet addresses across 30 major ecosystem partners, Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting, and growing Web3 assets as seamless as possible.
For more information, users can visit the announcement page. Join the revolution and unlock the full potential of Web3 with Bybit.
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