VELVETVelvet प्राइस

According to an announcement from Forma's official X account, the Forma mainnet will cease operations at block height 34,567,890, expected around November 5. Users will have approximately two weeks to withdraw on-chain funds. After the chain stops, the team will take a snapshot of the on-chain status and migrate the remaining TIA to Eden. Both chains are EVM chains, allowing users to use the same wallet address to withdraw funds from Eden once the migration is complete. Modularium will be migrated to Ethereum, along with the related NFTs; holders will need to claim them through the re-launched Modularium website, as NFTs will not be airdropped automatically. The official announcement states that the migration may take several days after the chain halts, and further announcements will be made upon completion of the migration, with more details and operational instructions to be released in the coming weeks.

The Browser Company announced that it will completely cease operations of the Arc browser for macOS and Windows on December 22, 2026, and has closed new user registrations. Starting from November 23, mobile AI features, login, and tab synchronization will gradually be disabled, as the team shifts its focus entirely to the AI browser Dia. Arc was launched in 2022, initially available only to Mac users by invitation, and became fully open in 2023, with plans to roll out to Windows and mobile platforms in 2024. The product design included a vertical tab bar, independent workspaces, automatic tab organization, split-screen browsing, and the ability for users to directly modify webpage appearances. The company previously disclosed that Arc had over one million weekly active users. Founder Josh Miller stated in 2025 that Arc was too complex for average users, with a high learning curve, as only 5.52% of daily active users frequently utilized multiple workspaces. The team ceased development of new features that year and shifted focus to Dia. In October of the same year, the parent company was acquired by Atlassian for approximately $610 million. The reason for the shutdown is that the security of browsers in the AI era requires ongoing investment, and engineering and security resources must be concentrated on Dia.

On September 13th, MGBX market data shows that VELVET has risen above 0.22 USDT, currently trading at 0.19 USDT, with a 24-hour increase of over 130% and a total increase of over 420%. The circulating market value exceeds 54 million US dollars.