Aysnc Art Will Shutter Operations

Aysnc Art Will Shutter Operations
In this post

Async Art announced its decision to cease operations, although its NFTs will remain on-chain and accessible.

The Deets

  • Async Art's market platform will not support purchases by the end of 2023.
  • New submissions have been halted, starting today. 
  • The team hopes to introduce a simplified viewer for dynamic Async NFTs in the near future.
  • The platform gained prominence with the XCOPY Grifters collection drop.

The Bulk

Async Art made the difficult decision to wind down its operations over the next few months. However, this does not spell the end for the art pieces. All Async NFTs are pinned on IPFS and will stay on-chain, ensuring the art's longevity.

The company informed that Async.Market will cease to support purchases by the conclusion of 2023, and Async.art will no longer accept new artwork submissions starting immediately. Considering that the uniqueness of Async pieces lies in their dynamic nature, which necessitates a front-end website and user interface, the team is putting efforts into launching a streamlined viewer in the upcoming months.

The end of Async Art's operational journey isn't synonymous with the end of the dynamic and generative art movement. The company expressed its optimism that the movement will persist, powered by the enthusiasm of web3 builders and creators.

❗Why It Matters

Async Art's decision to wind down indicates the challenges and rapid evolution within the NFT and digital art space, particular as market dynamics have been unfavorable and royalties and platform fees are under scrutiny. 

🎤 Founder Feedback

This has been an amazing journey thus far and I thank everyone who's traveled with us. Personally, I'm not going anywhere and I remain bullish as ever on digital assets. I hope to continue celebrating what you all continue to make, build, and collect ❤️Conlan Rios, Founder and CEO of Async Art

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.