NFT platform Async Art announced on Twitter that it will end operations in the next few months. Async NFTs are all stored on IPFS and will continue to exist on-chain. Async.Market stated that it will no longer support purchases after the end of 2023, and will no longer accept submissions of new works from today. Async Art completed a US$2 million seed round of financing in February 2021, led by Lemniscap, with participation from Galaxy Interactive, Signum Growth Capital, Semantic, Blue Wire Capital, Collab+Currency, Inflection, Divergence Ventures, the LAO and Placeholder.