Following the market’s climb into the top twenty non-fungible token (NFT) marketplaces by sales volume, the popular Tezos-based non-fungible token (NFT) marketplace Hic et nunc ceased operations last week. After the market’s founder, Rafael Lima, stepped down, the community opted to seize control of the initiative and has began the process of transforming Hic et nunc into a decentralized autonomous organization (DAO).
On November 14, it was revealed that the Tezos-powered NFT marketplace Hic et nunc was closing its doors. Rafael Lima, the founder of Hic et Nunc, said on Twitter at the time that Hicetnunc.xyz had been “discontinued.”
The founder’s Twitter account “@hicetnunc2000” also disclosed the market’s smart contract address on social media. At the moment, users were greatly perplexed by the situation, and rumors began to circulate.
Days later, it appears that the Hic et nunc have formed a clone of the original marketplace named “Hicetnunc.art.” The project’s founder, Rafael Lima, has decided to stand back and put the initiative in the hands of the community.
The original website is still offline, according to the notification, and “remains in the hands of the creator and developer.” Teztools, a Tezos infrastructure provider, is now the “caretaker” of the Hic et nunc smart contract until a DAO is operational, thanks to the Tezos community rallying around the mirror.
According to recent claims, Lima has also reduced the platform’s charge to 1%. “Hic et nunc creator Rafael Lima has been in contact with part of the admin team and has decreased the current HEN contract price to 1%,” the hicetnunc-community Twitter account stated. “In turn, DNS.xyz has transferred ownership of the mirror Hicetnunc.art to Teztools’ community care.”
Furthermore, on November 13, the generative artist and creative coder Matt DesLauriers released a blog post titled “Hicetnunc and the Merits of Web3” regarding the matter.
DesLauriers explained in the blog post that despite the closure of the original Hic et nunc website, “its users and their content are able to transition seamlessly to alternative platforms and online spaces, because the website was merely acting as a thin interface atop the decentralized blockchain contracts and peer-to-peer file hosting.”