Recur, a prominent nonfungible token (NFT) platform, is ceasing operations despite a $50 million funding round and notable investors just two years after its highly-anticipated launch. The platform, which received backing from Ethereum co-founder Joe Lubin, the Winklevoss twins, and Gary Vaynerchuk, announced its decision on August 18. Recur cited the challenging business landscape and unforeseen challenges as reasons for its closure.