jpgstore

Cardano Ecosystem Shift: JPG Store Shutdown & The New DeFi Proposal 📉🗳️

Some major changes are underway within the Cardano ecosystem. While we're witnessing the loss of a major player in the NFT marketplace, new DeFi proposals are being monitored in governance.

1. JPG Store Shutdown:

Cardano's well-known NFT marketplace, JPG Store, has officially announced the closure of its operations.

Timeline: The platform has been in 'Restriction Mode' since April 23 (new listings, bids, and minting have been suspended).

​Final Date: The platform will be completely shut down on May 23, 2026.

Important Note: Users' assets are safe and can be accessed through self-custody wallets or other aggregation platforms.

2. A New Test of Governance (The Pogun Proposal):

During this period, the Cardano community is evaluating Pogun's ₳12.29 million Bitcoin DeFi proposal.

Proposal Details: This proposal seeks funds from the treasury to promote Bitcoin-based DeFi within the Cardano ecosystem.

Voting Hurdles: Passage requires a 67% active voting stake and Constitutional Committee approval.

​Current Status: As of April 24, the proposal has received only 1.04% DREP support. This is still very early.

Market Sentiment:

This "cleaning phase" of the ecosystem shows that Cardano is now rapidly moving towards community-led governance and structural growth. Consolidation of the NFT space and discussion of DeFi treasury allocations are both crucial for Cardano's 2026 roadmap.

Do you think this ₳12.29 million Bitcoin DeFi proposal will help bring the Cardano ecosystem back into the top 10? Share your opinion in the comments below! 👇
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#Cardano #ADA #JPGStore #NFTs #DeFi #Governance #CryptoNews #BinanceSquare

🚨 RUMOR: JPG Store may shut down Cardano NFT marketplace & Comet platform on May 23.

Sources claim restriction mode started April 23 – new listings, offers, loans halted.

Social login users: prepare to move assets to standard wallets.

Not confirmed yet. Watching closely

JPG Store Marketplace Shutdown 🚨

Important news for the Cardano NFT ecosystem. JPG Store has announced the permanent closure of its marketplace and Comet platform on May 23, 2026.

Important warning for users:

Restriction Mode: As of April 23, new listings, offers, loans, and minting have been suspended on the platform.

Withdraw Your Assets: If you have assets or active positions on the platform, cancel or settle them before May 23.

Social Login Wallets: Users using social login wallets have only 30 days to transfer their assets to standard Web3 wallets.

Note: The website will be inactive after the shutdown, so take care of your assets while you have time to avoid any losses.

Stay informed, stay safe! 📈

Join my trading community for more insights!

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#JPGStore #Cardano #NFT #CNFT #MarketplaceUpdate #CryptoNews #web3兼职

The end of an era in the Cardano world! 🚨

In a surprising update, JPG Store, the largest NFT marketplace on the Cardano network, announced that it will be shutting down permanently along with Comet on May 23, 2026.

What's happening now?

The platform has currently entered "restrictive mode"; all new listings and offers have been halted. If you have assets there, time is ticking! You only have 30 days to transfer your assets from social wallet registrations to standard Web3 wallets and to cancel any pending offers or listings.

While smart contracts will remain on the network, the site interface will disappear. It's a sad moment for the $ADA community, but it serves as a constant reminder of the importance of self-custody for assets. 🛡️

Were you a user of the platform? What’s your next destination for trading Cardano NFTs? Share with us in the comments! 👇
$ADA

#Cardano #NFTs #JPGStore #CryptoNews #BinanceSquare