Solsniper, a Solana‑based NFT platform, will shut down its marketplace on June 13, 2025. All NFTs will be removed, bids will be cancelled, and any balances will be returned to users’ wallets.
The team stated that this step is necessary because the marketplace could not operate sustainably.
Why Solsniper Is Stepping Back?
The Solsniper team thanked its community for three and a half years of support. They began with a tool for NFT trading insights. Over time, they added a mobile app, an NFT aggregator, a marketplace and a launchpad.
In the last year, the costs to keep the marketplace open grew too high. The company stated that it can no longer operate that part of its business in a manner that is financially viable.
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What Happens Next?
Starting today, users no longer need to take any action. Solsniper will take every NFT off its marketplace and cancel all open offers. Any money held on the site will go back to each person’s wallet.
The team says refunds should arrive by the shutdown time on June 13. If anyone still has a problem after that, they can open a ticket on Solsniper’s Discord server.
Other NFT Platforms Join the Exit
This news follows other big names closing NFT venues. Nike now faces a lawsuit by buyers of Nike’s own cryptocurrency assets and themed NFTs. The suit says users lost money after Nike shut down the site that created those tokens.
X2Y2 also closed its NFT trading service on April 30, 2025. That platform ran for three years after its beta release in February 2022.
LG Electronics will end its NFT project called LG Art Lab after three years of operation. LG said it made this choice after thinking hard about what comes next for the company.
Market Trends That Led Here
The wider NFT market has struggled in the past year. In 2024, total trading dropped by 19% compared with 2023. The number of sales fell by 18%. The first quarter of 2024 seemed hopeful, with $5.3 billion in volume, a small rise from the year before.
But trading tumbled to $1.5 billion in the third quarter. It recovered somewhat to $2.6 billion in the last three months of the year.
Solsniper’s founders said they are not done building. They will keep working on future projects and may use data from last year’s rewards program in new ways.
The founders closed by saying that without NFTs, they would not be here today. They are grateful for every user who joined them on this journey. The team hopes their next steps will win the same kind of support.
Also Read: Getgems Remains Optimistic About NFTs On Telegram Despite Market Challenges