24 hours after the launch of the open beta version of the NFT platform for “fantasy investing in startups”, Visionrare closed the site and began to return funds to users. This is reported by TechCrunch.
The platform allowed placing bids on auctions of fake shares of real startups in the form of NFTs. With the portfolios collected, users competed for profitability in leagues like fantasy football.
The publication noted that Visionrare did not secure the consent of the majority of firms to issue gaming shares and faced many claims.
In a statement on the suspension of work, the founders of the platform admitted that they “underestimated the legal difficulties” with the sale of NFT.
They didn’t give up on the idea, but admitted that they would have to rethink the fundamental structure of the platform.
“In the coming days, we will be relaunching Visionrare as a completely free game. All players will start with a fixed amount of loans that they can use to build their startup portfolio and compete in leagues based on their real-world stock returns, ”the company said.
Is it possible to add a financial element to the game, Visionrare intends to find out later.
We will remind, analysts of the financial conglomerate Bank of America were optimistic about the prospects for the NFT sector, despite the fall in sales in September.
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