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 good 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 staff discontinues assist for the undertaking.
NFTX introduced in late December that the consumer 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 good contracts stay ceaselessly, the unique staff will now not assist or handle them.
Whereas it stays unclear if the NFTX staff is totally shutting down its operations, the undertaking has promised to proceed its mission by Flayer Labs. The objective 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 staff and reorganized into smaller, product-focused teams. This reorganization got here because the staff’s preliminary dimension launched layers of friction over time.
Apart from streamlining the staff, Flayer Labs can also be simplifying and increasing its merchandise to resolve 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) instead of 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 inside groups to every product to allow autonomous supply at a sooner fee.
“We’re coming into 2026 with a clearer construction and a renewed dedication to reaching product-market match,” Flayer Labs said.
