Social token platform Rally is shutting down sidechain containing creator NFTs

February 1st TuoniaoX.com news, social token platform Rally stated in an email sent to users that it is shutting down the sidechain containing creator NFTs. Rally said, "Unable to overcome the challenges and macro headwinds in the current environment, with funding being a key issue. Compared to the recently launched new Layer1 technology stack, the Rally sidechain built in 2018 has excessively high maintenance costs." Additionally, since NFT assets on the sidechain cannot be transferred to the mainnet, the hosted NFTs will no longer be accessible after the shutdown.