Golden Finance reported that according to official information from MakersPlace, the digital art platform announced that it would cease operations after six years of operation due to continued market challenges and financing difficulties. Effective immediately, the platform will disable minting, token import, and new account creation functions, but art purchases will continue for the time being. Artists and collectors have until June 2025 to transfer works from the MakersPlace custody wallet to their personal wallets, and the relevant tools will be launched in February. MakersPlace said it will return unused funds to investors and provide employees with fair severance packages. All Ethereum NFTs on the platform remain accessible through the secondary market.