Bybit Ditches Web3 Services After NFT Marketplace Closure

Crypto exchange Bybit is shutting down a significant portion of its Web3 services, following the elimination of its non-fungible token (NFT) marketplace in April. The company has announced that it will discontinue four key products by May 31st: Cloud Wallet, Keyless Wallet, NFT Marketplace, DEX Pro and the Swap & Bridge widget. Additionally, Bybit’s Web3 Points loyalty program is being discontinued on April 28th. On the same day, Bybit will shut down its inscription marketplace and related services.