News

cex has announced that it will close its NFT marketplace on 27 February 2025, and that after 27 November 2024, users will no longer be able to list, bid on or sell items on cex's NFT marketplace; they will only be able to withdraw their assets. cex said: ‘We have decided to close our NFT marketplace in order to shift more resources to new products and services,’ including unannounced programmes in development. Customers have been informed of these changes and our team will support them in moving their NFTs to their cex wallet or a self-hosted wallet of their choice.’ In previous news, cex first revealed in December 2021 that it would be launching its own NFT marketplace, and in November 2022 it went live in beta.

Movement Network Foundation announces MoveDrop, an airdrop programme designed to reward Movement's early adopters and community members.MoveDrop will allocate 1,000,000,000 $MOVE (10% of the total supply) to the community, with eligible users including: Road to Parthenon participants, Battle of Olympus winners, Gmovers, designated communities, and Movement test network builders. Users can visit the MoveDrop website and register until 2 December 2024 at 2:00 p.m. UTC. after TGE (Coming Soon) to view MoveDrop eligibility and receive airdrops. Failure to register on time will result in loss of MoveDrop claim eligibility.Users have the option of claiming $MOVE on the main Ether network, or waiting to claim $MOVE after the main Movement Network network (coming soon), which will result in a 1.25x reward multiplier.The Movement Network Foundation has also stated that it plans to distribute more $MOVE tokens at future events.In previous news, Movement Network Foundation announced the economic model for $MOVE tokens, with a total token supply of $10 billion and an initial circulation of approximately 22%. Of this, 60% of the tokens will be distributed to the community, including the ecosystem and community (40%), initial pledges (10%) and the Foundation (10%). The remainder is allocated to early contributors (17.5 per cent) and early investors (22.5 per cent).