Following a Sudden Shutdown Hic et Nunc Finds a Solution
Since last week, confusion surrounding the abrupt disappearance of the well-known CryptoArt marketplace, Hic ets Nunc, has dominated NFT Twitter.
The platform abruptly shut down, its smart contract was tweeted, and the Twitter bio was updated to “discontinued” without any prior notice.
It appears that the enigma engulfing the area has been resolved at last. There is now a fix, even though it is unclear why Rafael Lima, the man behind Hic et Nunc, decided to close the popular NFT market.
Numerous perspectives contend that Lima just became tired of Hic et Nunc and that in the true spirit of decentralization, he gave the platform over to the community so that it may now operate as a DAO.
The community’s reaction to the platform’s abrupt closure was not totally favorable. Many people felt deceived, and some even said it was a rug pull, which is happening more frequently lately in NFT territory.
Although the website’s front end vanished, all of the immortalized smart contracts for the listed NFTs are still accessible at objkt.com.
Hic et Nunc debuted in March of this year and immediately gained notoriety when, in May, it eclipsed OpenSea in terms of daily users.
Due to the platform’s low gas costs and improved energy efficiency—it uses the Tezos blockchain rather than Ethereum—both artists and collectors embraced it quickly.
Up until a few days ago, when Hic ets Nunc was shut down, it had more than 48,000 dealers and generated revenues of $50.37 million.
The community will decide what happens to Hic ets Nunc going forward. Users should rest easy knowing that their NFTs are secure for the time being and that the platform will probably come back stronger and better than before.
OBJKT vs Hic et Nunc
As we strive towards a more sustainable future, it’s important to consider the environmental impact of our choices – even in the world of digital art.
When it comes to NFT platforms, OBJKT and Hics et Nunc both offer unique opportunities for artists and collectors to participate in a thriving digital art community, but there are important differences to consider.
For those looking to make a more eco-friendly choice, Hic et Nunc stands out as a platform that operates on. The environmentally-conscious Tezos blockchain.
By using a Proof-of-Stake consensus mechanism, Hic et Nunc consumes significantly less energy than other NFT platforms that rely on. The energy-intensive Proof-of-Work method.
So if you’re a digital artist or collector who wants to make a positive impact on the planet while still. Enjoying the excitement of the NFT world.
People Also Ask
What is Hic et Nunc, and What Happened To It?
In July 2021, Hics et Nunc suddenly shut down, leaving many users in a lurch. Hic et Nunc had built a decentralized NFT marketplace on the Tezos blockchain.
What Was The Solution That Hic et Nuncs Found?
After the sudden shutdown, Hic et Nuncs was able to find a solution to resume its operations. The team worked hard to migrate the platform to a more scalable and robust infrastructure, which helped ensure the stability. Of the marketplace.
How Long Did it Take For Hic et Nunc to Find a Solution?
The team at Hics et Nunc worked tirelessly to find a solution, and it took a few weeks to complete the migration process. But their hard work paid off, and the platform is now fully operational.
Are There Any Changes to The Platform After The Shut Down?
The shutdown forced Hics et Nunc to reevaluate its infrastructure and make changes to ensure greater stability and scalability. As a result, the platform has seen significant improvements, including faster transaction times and a more streamlined user interface.
Is it Safe to Use Hic et Nunc After The Sudden Shut Down?
Yes, it is safe to use Hics et Nunc after the sudden shutdown. The team has taken steps to improve the platform’s stability and security, and users can once again buy, sell, and. Create NFTs with confidence.
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