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Quix Opens Up its Code Base for Developers to Deploy and Expand, While Planning to Phase Out by 2023.

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It is reported that Quix, the Optimism ecological NFT market, announced on social media that the code base is open source, involving the front-end and back-end…

Quix Opens Up its Code Base for Developers to Deploy and Expand, While Planning to Phase Out by 2023.

It is reported that Quix, the Optimism ecological NFT market, announced on social media that the code base is open source, involving the front-end and back-end code of NFT trading platform, NFT indexer and Launchpad. Now any developer can deploy and expand it. Quix said in November last year that the monthly infrastructure cost has exceeded the revenue, so it plans to terminate the operation in February 2023 and end the transaction incentive mechanism. Quix will cooperate with Optimism Foundation to ensure a smooth transition, and its team is committed to maintaining the operation until February 28, 2023.

Optimism Ecological NFT Market Quix Announces Open Source of Code Base

Interpretation of the news:


Quix, the Optimism ecological NFT market, has announced that it will open up its code base to the public, allowing developers to deploy and expand its NFT trading platform, NFT indexer, and Launchpad. The move is expected to encourage innovation and help Quix become a more robust decentralized application, while at the same time, moving towards its upcoming termination of operation. The company has revealed that it has been facing a monthly infrastructure cost that exceeds its revenue, and as such, it is planning to phase out by February 2023.

By making its code base open source, Quix is taking an important step towards the further decentralization of its platform. Open-source code allows developers to examine, collaborate, and contribute to projects, leading to both innovation and growth. Furthermore, it should help to ensure that the platform operates smoothly during its final months of operation. Developers can now expand its optimization, fix any existing issues, and potentially create new features for users to enjoy.

Quix has also committed to working with the Optimism Foundation to ensure that the transition is as smooth as possible. This support should provide the platform’s users and developers with additional assurance, avoiding any interruption or inconvenience during the transition process.

Overall, Quix’s business strategy shifting towards the closing of operation after growing financial strain is not uncommon, as the company has been reflecting on ways to optimize its resources while maintaining its commitment to its users. By opening up its code base, Quix is taking steps towards ensuring the platform’s longevity by empowering the development community to expand upon and enhance its features. With Quix’s commitment to providing support during the transition period, this announcement solidifies confidence in the NFT market and blockchain technology’s potential to continue thriving.

In conclusion, while Quix’s decision to phase out its operation is regrettable for its users, the company’s commitment to ensuring a stable transition and making the platform’s code base open source provides a means to support and empower the growing development community within the blockchain industry.

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