NFT Platform Rodeo to Shut Down by March 10

Rodeo, backed by Farcaster and launched in March 2023, will end operations by March 10 after a phased closure process with asset migration options via Arweave.

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Summary

Rodeo, an NFT platform supported by Farcaster and launched on Apple’s iOS in March 2023, announced it will cease operations by March 10. The platform will operate normally until February 10, then enter read-only mode before its full shutdown. Users will have migration support to transfer their NFTs to Arweave or via smart contracts. This closure marks Rodeo as the second NFT platform to wind down in the same week.

Terms & Concepts
  • NFT: Non-fungible token; a blockchain-based digital asset representing ownership of unique items such as art or collectibles.
  • Arweave: A decentralized storage network that enables permanent data storage on the blockchain.
  • Smart contract: Self-executing blockchain code that automatically enforces terms and conditions without intermediaries.