Bybit Web3, the Web3 division of cryptocurrency exchange Bybit, is refining its product roadmap to better serve its users. As part of this strategic initiative, Bybit Web3 will discontinue operations for its NFT Marketplace, Inscription Marketplace, and IDO product pages, effective April 8, 2025, at 16:00 (UTC).

This adjustment aligns with Bybit Web3’s commitment to optimizing its ecosystem and delivering a more seamless experience for its users. The decision follows a comprehensive review of user needs and market trends to ensure Bybit Web3 remains at the forefront of blockchain adoption.

Guidance for Asset Management

To ensure a smooth transition, users are advised to take the necessary steps to manage their assets before the discontinuation date. The following platforms are recommended for checking or trading NFT assets:

NFT Marketplace

• ETH Chain: OpenSea, Blur, Magic Eden

• Mantle Chain: Element Marketplace, Mintle

Inscription Marketplace

• Unisat

• Magic Eden

IDO Participation

• For IDO participants with airdropped tokens in Bybit Web3 Cloud Wallets, it is recommended to transfer tokens to Bybit Web3 seed phrase wallets or private key wallets.

Emily Bao, Head of Web3 at Bybit, added: “Bybit Web3 is evolving to focus on core innovations that bring the most value to our users. This strategic refinement allows us to enhance the overall user experience while concentrating on the next generation of blockchain-powered solutions.”

Bybit remains committed to its vision of fostering Web3 adoption through continuous improvements and innovation. For more information, please visit the announcement page.

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