Bybit has announced the closure of its NFT marketplace and related services by April 8, 2025. This decision comes amid a noticeable decline in market interest, reflecting broader challenges within the NFT sector. The move underscores the volatility and unpredictability of the digital asset market, as platforms struggle to maintain user engagement and profitability. The shutdown highlights a growing trend of reevaluation and consolidation within the industry, as companies reassess their strategies in response to shifting consumer preferences and regulatory pressures.