12 went on-chain.
11 have stopped.
Every one of these launched with a press release about the future of retail. Most were quietly switched off. The contracts were not — they cannot be — so the tokens are still sitting in wallets, still changing hands, long after the companies that made them moved on.
| Project | Born | Died | Lived | Status | Still on-chain |
|---|---|---|---|---|---|
| Reddit Collectible Avatars Programme sunset; Avatar Shop closed and in-app vault removed | Jul 2022 | Nov 2025 | 3y 4m | Dead | |
| Nike RTFKT / CloneX Parent company wound the studio down during a wider restructuring | Nov 2021 | Jan 2025 | 3y 2m | Dead | 19,764 |
| VCR Group Flyfish Club SEC order; membership decoupled from the token | Aug 2021 | Sep 2024 | 3y 1m | Absorbed | 3,035 |
| eBay KnownOrigin Wound down two years after acquisition; team laid off | Jun 2022 | Jul 2024 | 2y 1m | Dead | |
| Starbucks Starbucks Odyssey Beta ended without ever leaving beta | Dec 2022 | 31 Mar 2024 | 1y 3m | Dead | |
| GameStop GameStop NFT Marketplace Closed citing regulatory uncertainty in crypto | Jul 2022 | 2 Feb 2024 | 1y 7m | Dead | |
| Meta Digital Collectibles Discontinued during a company-wide efficiency drive | May 2022 | Mar 2023 | 10 months | Dead | |
| CNN Vault: Moments That Changed Us Closed abruptly; holders offered roughly 20% of mint price | Jun 2021 | Oct 2022 | 1y 4m | Dead |
What the record shows
Meta Digital Collectibles
10 months from launch to shutdown. Shipped in May, expanded in November, discontinued by March.
The plotNobody plans the ending
Not one of these launched with a stated plan for what happens to holders if it stops. Two did not announce an ending at all — the subdomain simply stopped resolving one day.
Why they died$14.8m taken from the public
Only counting projects where a figure is documented in a regulator's filing or a company statement. Most never disclosed one, so the real number is higher and unknowable.
Post-mortems
See allWhy they died
Five patterns that show up again and again across the record — and the one thing every survivor has in common.
Tokenised loyalty, explained
The three ways loyalty schemes get put on-chain, what each one costs to run, and the single design decision that determines how complicated your life becomes.
Token-gated commerce, explained
How gating a product, price or collection behind token ownership actually works end to end — the checks, the storefront integration, and the ways it breaks.
NFT memberships for retail
Why a membership credential is a better first on-chain product than a coin, how to choose between ERC-721 and ERC-1155, and the design decisions you cannot undo.