NFTX to Cease Protocol Support as Flayer Labs Takes Over

The NFT liquidity protocol, NFTX, has introduced that following its operational shutdown by the tip of this month, Flayer Labs will take over the administration of its sensible contracts. Flayer Labs builds infrastructure to bridge the liquidity hole between the decentralized finance (DeFi) and NFT markets.

In a tweet addressing the state of affairs, NFTX said that its story as a protocol doesn’t finish on January 31 after the group discontinues assist for the mission.

NFTX introduced in late December that the person interfaces for the second and third variations (V2 and V3) of its protocol could be switched off by January 31. Though the protocols will stay lively as sensible contracts dwell endlessly, the unique group will not assist or handle them.

Whereas it stays unclear if the NFTX group is totally shutting down its operations, the mission has promised to proceed its mission by Flayer Labs. The purpose stays constructing radical merchandise on-chain and pushing the boundaries of what decentralized infrastructure can allow.

Launched in September 2024, Flayer Labs is a product of a merger between NFTX and FloorDAO. The 2 entities mixed their sources and applied sciences to create a brand new, unified protocol, Flayer, to enhance liquidity for NFTs. The merger led to the migration of each the NFTX and FLOOR tokens to FLAY by the official Flayer migration portal. Following the transition, the NFTX protocol grew to become part of the Flayer ecosystem.

In an article about refocusing its roadmap in 2026, Flayer Labs talked about that it had streamlined its group and reorganized into smaller, product-focused teams. This reorganization got here because the group’s preliminary dimension launched layers of friction over time.

In addition to streamlining the group, Flayer Labs can be simplifying and increasing its merchandise to unravel NFT coordination issues at scale. Whereas the preliminary focus was on Flayer protocol, the agency will unfold its consideration to NFTX V2 and V3 and launch a Minimal Viable Product (MVP) rather than the protocols this quarter. The corporate additionally intends to announce plans for the real-world belongings (RWA) market within the coming weeks.

Flayer Labs will assign inner groups to every product to allow autonomous supply at a sooner price.

“We’re coming into 2026 with a clearer construction and a renewed dedication to reaching product-market match,” Flayer Labs said.