• Visionrare closes the NFT market citing legal complexities.
• After launching the open beta, the platform was shut down within 24 hours.
• It is planned that the game will be relaunched as a free-to play version.

A mere day after the opening of Visionrare’s open beta, the platform is shutting down temporarily and giving back the money of users who bought shares. The team claims that it will be relaunched as a free to-play game.

This project allows players to participate in NFT share auctions for real startup companies, fantasy-style. It’s a competition on who can build the most profitable portfolio based on their investments. The project was not allowed by many startups they were trying to sell shares.

They underestimated the complexity of the law, according to Visionrare. The Visionrare website announcement stated that they had mentioned

…during this process we underestimated the legal complexities and decided it is best to hold off on some of the initial dynamics.

The team also announced that the game will be launched as an entirely free-to-play project in the next few days. The team will provide all players with a certain amount of credits which they can use for building their startup portfolio.

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