Social Token Platform Rally Shutting Down, $RLY Drops 11.28% in the Last 24 Hours

Rally, a social token platform on the Ethereum network, said in an email to users that it is shutting down the Rally sidechain containing creator NFTs, meaning that NFTs hosted there will no longer be supported.

Rally also warned NFT collectors that they may experience "a degradation in services" and that NFTs may not work and NFTs on the Rally sidechain will not transferable to the Ethereum mainnet. For now, Rally's official Twitter account is closed.

According to TokenInsight data, the Rally ($RLY) price dropped 11.28% in the last 24 hours, trading at $0.013202 now.