After becoming one of the top non-fungible token (NFT) marketplaces, the Tezos-based NFT market Hic et nunc has discontinued its services. After more than $50 million in all-time sales on the market, Hic et nunc’s creator has not disclosed why the NFT marketplace was shut down.

Tezos-Based NFT Marketplace Shuts Down

A popular marketplace for non-fungible tokens (NFT) that used the Tezos network closed its doors and has yet to explain why. Hic et nunc was the name of the now defunct NFT marketplace. It was one of twenty top NFT markets by terms of total sales. At the time before its closure, dappradar.com metrics show Hic et nunc was the 14th largest NFT marketplace in terms of all-time sales.

Has anyone deciphered what happened here? https://t.co/1xOhZOjV2r

— 2kew (@2kew4u) November 12, 2021

At press time, the Hic et nunc front end is not operating and it gives a server error explaining that the server cannot be found. Although, other affiliated links like hen101.xyz are still operational. The marketplace’s official Twitter account “@hicetnunc2000” is also still working and the account shared two messages about closing without much explanation.

wow discontinued? It’s sad to see it go. It was an awesome platform for sex. https://t.co/nYLRCOGzKF

— NEO(@raintheneo) November 12, 2021

The first is the Twitter account’s bio now says “discontinued” and alongside this, the account tweeted the market’s smart contract address. The owner of the account has closed replies so that no one can reply to the tweet. Statistics show that Hic et nunc saw $50. 37 million in sales to date and the average sale on the marketplace was $25. 19 per NFT. The marketplace also had around 48,346 traders before closing down shop.

Lack of Explanation Gets Criticism

The myriad of Twitter replies to Hic et nunc’s official Twitter message are not very kind and people are upset that the market simply shut down with no reason behind the move. Some tweeted that the platform pulled a ‘rug pull,’ some said it was the “Wild West days,” while others accused the market of getting hacked. One person claims that Hic et nunc’s creator, dubbed “Raf”, was unhappy about certain messages he received.

“Raf is (thinking) of discontinuing HEN (even [though] he changed Twitter bio right away),” one individual wrote on November 11. “He was upset by some messages and decided to do this on a whim

Don’t Panic!!

Every single bit of data is still on blockchain. It’s one the most beautiful things about the decentralized world (especially Tezos).

(1/2) https://t.co/MDm4NI6qUR

— akaSwap_com (@AkaswapCom) November 12, 2021

Two days later, another person speculated about the cryptic message Hic et Nunc posted on Twitter. “I’ve been thinking about this and I think I understand why this is the last post on this account,” the person said. “Hic et nunc wasn’t the website. Hic et nunc, however, is the contract. The contract is eternal

Still, many others were very confused about the last tweet and what it actually meant. “This was the last tweet HEN sent. “Does anyone know what it means?” another person inquired.

Editor’s Note: This post was updated at 3: 30 p.m. (EST) to reflect the claims that there are mirror websites people can leverage to access Hic et nunc, but some are still confused about the “safety/intent of some of them.”

What do you think about the Tezos-based NFT marketplace Hic et nunc discontinuing operations? Please comment below to let us know your thoughts on this topic.

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