Back
Forma to shut Forma Chain and move NFTs to Ethereum L1

Forma to shut Forma Chain and move NFTs to Ethereum L1

Forma said running its blockchain is no longer sustainable and urged users to withdraw bridged funds before assets are manually moved to a new EVM-compatible chain.

ETH

Fact Check
The claim is corroborated by multiple same-day sources. Binance News and KuCoin both report that Forma Chain (built on Astria and Celestia) is ending operations, that Modularium and Forma NFTs will migrate to Ethereum L1, that users are urged to withdraw funds via the Forma bridge, and that unwithdrawn funds will be manually migrated to a to-be-announced EVM-compatible chain. KuCoin explicitly attributes the decision to 'unsustainable operations,' matching the claim's stated reason. Coincu references the Astria team's official announcement as the origin. All specific details in the claim align with these sources.
    Reference: 123
Summary

Forma is shutting down Forma Chain and migrating Modularium and Forma NFTs to Ethereum mainnet after saying the blockchain is no longer sustainable to operate. The plan affects NFT holders, users with bridged funds and marketplace participants as Forma winds down its chain-specific network while keeping NFTs accessible on Ethereum-based venues. Users have been urged to withdraw funds through Forma Bridge. Assets that are not withdrawn will later be moved manually to a new EVM-compatible chain, while Forma NFTs are set to remain accessible and tradable on OpenSea and other Ethereum marketplaces. The update adds operational detail that was previously unclear, including a direct user action on bridged funds and a separate destination path for non-withdrawn assets. The shift amounts to a split transition: NFTs move onto Ethereum mainnet, while some other assets may be relocated to another chain compatible with the Ethereum Virtual Machine. For users, that can mean changes in wallet visibility, marketplace support and how contracts or collections are represented after migration. As with other chain shutdowns, holders and traders are likely to watch deadlines, listing continuity and security risks closely during the transition.

Terms & Concepts
  • EVM-compatible chain: A blockchain that supports the Ethereum Virtual Machine, allowing Ethereum-style applications and smart contracts to run on it.
  • Forma Bridge: The bridge users must use to withdraw funds from Forma before the network wind-down.
  • Ethereum mainnet: The primary live network of Ethereum where transactions and assets are settled.