On Friday, Recur, a startup in the Non-Fungible Token (NFT) space, announced that it would be discontinuing its Web3 platform due to the difficulties of crypto winter. Despite having big names like Hello Kitty and Nickelodeon using its services, Recur’s platform will gradually lose certain features, such as withdrawing NFTs, exchanging stablecoins for cash, and trading on Recur marketplaces throughout the coming months. Recur acknowledged the difficult choice it had to make in a candid blog post, citing unforeseen difficulties and changes in the commercial environment as the motivating factors behind the discontinuation of its platform.