Cryptocurrency continues to skyrocket in popularity, and with it comes the emergence of new aspects of trading and creating digital assets. Recently, Artifact Labs acquired Refinable, a platform that allowed users to trade and create Non-Fungible Tokens (NFTs). In response, Refinable has initiated a three-phase process for the closure of its trading and creator platforms.

The first phase of the closure involves discontinuing credit card subscriptions for users of the platform's 'Creator Suite'. Those users who unintentionally purchased additional subscriptions will receive a refund for their purchases. Current subscriptions will remain active for another six months, giving users the time to switch to other platforms with ease.

After that period passes, the entirety of Refinable’s service -- including its Creator Suite, Marketplace and API -- will be disabled. However, NFTs built on the platform will still exist, except for listings, which will be shut down. Token holders will continue to benefit from Artifact Labs’ upcoming launches, including access to the whitelist and free mints.

With the funds gained from the acquisition, Refinable is now better prepared to ensure users have a smooth transition away from their platform. This acquisition has allowed the platform to continue its development, with a number of accomplishments such as BSC’s first NFT marketplace, hosting the first sales of Digital Art Fair Asia, connecting Solana to EVM assets, permitting the creation of 721, 721A, and 1155 contracts, positioning a public API, developing a proprietary NFT indexing engine, and many more.

Started as a BNB Chain marketplace, Refinable has since evolved into a multi-chain NFT platform, enabling users to create and manage their own collections. These achievements have certainly not gone unnoticed, and serve as an example of the grand potential of the cryptocurrency world.



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