ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala
The post What’s Next for the Community? appeared on BitcoinEthereumNews.com. Rodeo platform announces plans to shut down its operations between Jan 27 and MarchThe post What’s Next for the Community? appeared on BitcoinEthereumNews.com. Rodeo platform announces plans to shut down its operations between Jan 27 and March

What’s Next for the Community?

Author: BitcoinEthereumNewsSource: BitcoinEthereumNews
2026/01/29 03:48
3 min read
  • Rodeo platform announces plans to shut down its operations between Jan 27 and March 10, 2026.
  • This Base and Ethereum-based platform has suffered from low mainstream adoption for a sustainable future.
  • The work done by the Rodeo community will be stored through Arweave permanently.

Rodeo has announced its winding up of its operations. This Non-Fungible Token (NFT) social platform, which leverages Base and Ethereum (ETH) networks, informed its community to withdraw stored assets by March 10, 2026.

Rodeo NFT Platform Winds Up 

The Rodeo team announced it will begin winding down the platform after growth efforts failed. The shutdown process started on January 27 and will run through March 10.

According to Kayvon, co-founder of Rodeo, the platform did not grow to the set standards to meet its sustainable growth in the long term. As such, Kayvon stated that the path forward for Rodeo is not feasible despite its accrued global community.

The platform revealed that it did not achieve its core objective of catalyzing the mainstream adoption of NFTs in a social way. Moreover, Rodeo enabled sales and minting of NFTs at a low cost on a scalable chain. 

The economic model for Rodeo was to reward creativity, taste, and influencers, but failed to attract mainstream utility to catch the wave of institutional investors seeking to gain a Web3 exposure.

The winding down of Rodeo will be orderly for its community, which has grown significantly in recent years. According to Kayvon, the Rodeo community will continue to operate normally at the fundamental level, including posting and collecting of NFTs, until February 10, 2026.

After February 10, the Rodeo platform will transition into a read-only mode for both mobile and desktop users until March 10, when the last whistle will be heard. Meanwhile, Kayvon informed the community that all assets held on the platform will be available for transfer, including a seamless migration of the media and metadata to Arweave (AR).

“Rodeo the product won’t continue, but what was created on it will. That’s the power of building in web3. Work can outlive platforms. Culture can persist beyond products,” Kayvon stated.

What’s the Bigger Picture

The closure of Rodeo during the first quarter of 2026 follows a sustained bear market in the wider crypto industry. Earlier this week, popular analyst Benjamin Cowen predicted that most of the altcoins will experience a collapse in 2026 due to low retail and institutional adoption.

According to CoinGecko market data, total NFT trading volume has dropped from a peak of about $131.4 million in April 2022 to around $3.8 million at press time. Nonetheless, the top NFT projects – such as CryptoPunks, Bored Ape Yacht Club, and Pudgy Penguins – are well poised to survive and thrive through the ongoing crypto winter.

Related: NFT Market Cap Crashes 72% in 2025 as Traders Retreat

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/nft-platform-rodeo-to-shutdown-by-q1-whats-next-for-the-community/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:
#RWA#NFT

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement

OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement

PANews reported on September 17th that on-chain sleuth ZachXBT tweeted that OpenVPP ( $OVPP ) announced this week that it was collaborating with the US government to advance energy tokenization. SEC Commissioner Hester Peirce subsequently responded, stating that the company does not collaborate with or endorse any private crypto projects. The OpenVPP team subsequently hid the response. Several crypto influencers have participated in promoting the project, and the accounts involved have been questioned as typical influencer accounts.
Share
PANews2025/09/17 23:58
Optimizely Named a Leader in the 2026 Gartner® Magic Quadrant™ for Personalization Engines

Optimizely Named a Leader in the 2026 Gartner® Magic Quadrant™ for Personalization Engines

Company recognized as a Leader for the second consecutive year NEW YORK, Feb. 5, 2026 /PRNewswire/ — Optimizely, the leading digital experience platform (DXP) provider
Share
AI Journal2026/02/06 00:47