After becoming one of the top non-fungible token (NFT) marketplaces, the Tezos-based NFT market Hic et nunc has discontinued its services. After more than $ 50 million in historic sales in the market, the creator of Hic et nunc has not disclosed why the NFT market has been closed.
Tezos-Based NFT Marketplace Shuts Down
A popular non-fungible token (NFT) marketplace that leveraged the Tezos network has closed down its business and has not explained why. The now defunct NFT market is called Hic et nunc and it was among the top twenty NFT markets in terms of sales of all time. At the time before its closure, dappradar.com metrics show Hic et nunc was the 14th largest NFT marketplace in terms of all-time sales.
At the time of going to press, the Hic et nunc front end is not working and it returns a server error explaining that the server cannot be found. Although, other affiliated links like hen101.xyz are still operational. The marketplace’s official Twitter account “@hicetnunc2000” is also still working and the account shared two messages about closing without much explanation.
The first is the biography of the Twitter account which now says “discontinued” and next to that the account tweeted the address of the market’s smart contract. Furthermore, no one can respond to the tweet as the owner has replies shut off. Statistics show that Hic et nunc saw $50.37 million in sales to date and the average sale on the marketplace was $25.19 per NFT. The marketplace also had around 48,346 traders before closing down shop.
Lack of explanation sparks criticism
The a myriad of Twitter responses to the official Twitter post from Hic et Nunc are not very friendly and people are unhappy that the market has simply closed for no reason behind this decision. Some tweeted that the platform pulled a ‘rug pull,’ some said it was the “Wild West days,” while others accused the market of getting hacked. According to one person, Hic et nunc’s creator dubbed ‘Raf’ was upset about some messages he received.
“Raf (thinks) about stopping the HEN (even [though] he immediately changed the biography of Twitter) ”, a person wrote the 11th of November. “He got annoyed with some messages, then decided it on a whim.”
Two days later another person speculated on the cryptic message Hic et nunc wrote on Twitter. “I’ve been thinking about this and I think I understand why this is the last post on this account,” the person said. “Hic et nunc was never the website: Hic et nunc is the contract. The contract lives forever.”
Yet many others were very confused on the last tweet and what it actually meant. “This was the last tweet HEN sent out. Does anyone know what that means?” another person asked.
