Nifty's announced on Twitter that earlier this year, they shifted their focus towards developing a platform for Web3 creators. "Unfortunately, despite our best efforts, the investment opportunities we were working on didn’t pan out, and we now find ourselves at the end of our runway. As a result, and with a heavy heart, we are winding down our operations as of today."
In addition, NFT projects released on Nifty's, such as The Matrix Avatars, Looney Tunes: What’s Up, Block?, Game of Thrones: Build Your Realm, and Bullet Train, will be decentralized and redistributed to the Polygon blockchain (unless they already exist on Ethereum). For projects related to Warner Bros., users are advised to follow various independent project accounts on Twitter, and they can export their private keys and retain their NFT collections according to the provided instructions.