Blockchain Infrastructure Provider Reservoir to Halt NFT Services

Reservoir, a blockchain infrastructure startup that recently raised $14 million in Series A funding, has announced it will discontinue its NFT API and related services on October 15, 2025. This decision, shared via an official statement, marks a significant shift for the company, which has been a key player in providing back-end tools for NFT marketplaces and wallets.

Reservoir’s Role in the NFT Ecosystem

Reservoir has been recognized for its contributions to the NFT space, offering tools that powered platforms like Coinbase, MetaMask, and Magic Eden. Its services enabled features such as indexing NFT data and facilitating token trades across multiple marketplaces. However, the company has decided to pivot its focus, citing strategic realignment as a core reason for the shutdown.

What This Means for Existing Customers

Current users can continue accessing Reservoir’s platform until the official shutdown date, but the creation of new accounts has already been disabled. To assist with the transition, Reservoir has partnered with Alchemy and Sequence, ensuring customers have alternative solutions to migrate their operations effectively.

Additionally, the company has made its codebase publicly available, allowing businesses to bring the infrastructure in-house if desired. This move provides flexibility for organizations looking to maintain their operations independently after Reservoir sunsets its NFT services.

A New Direction: Focus on Token Infrastructure

Looking ahead, Reservoir plans to concentrate on broader token infrastructure projects. The company has introduced Relay, a platform designed to empower users to swap, bridge, or purchase tokens—including NFTs—across various blockchains using any supported currency. Reservoir’s pivot underscores its commitment to enhancing the token economy while moving beyond its initial focus on NFTs.

“We’re excited to continue supporting the token economy with Relay — empowering users to swap, bridge, or buy tokens (including NFTs!) with any currency on any chain we support — instantly.”

Funding and Future Plans

This decision comes just months after Reservoir secured $14 million in funding from prominent investors, including Union Square Ventures, Variant, Archetype, and Square Peg Capital. The funding round also saw participation from Coinbase Ventures, Delphi Digital, and others. At the time, the investment was aimed at expanding Reservoir’s NFT trading infrastructure to support additional networks. However, the company’s shift in focus suggests a strategic reallocation of resources to address emerging opportunities in the blockchain space.

Key Takeaways for Investors and Users

  • Reservoir will discontinue its NFT API and services on October 15, 2025.
  • Existing customers can use the platform until the shutdown date, but new account creation is no longer available.
  • The company has partnered with Alchemy and Sequence to support a seamless transition for users.
  • Reservoir’s codebase is now open-source, enabling users to self-host the infrastructure if needed.
  • The company is shifting its focus to token infrastructure with its new Relay platform.

This development highlights the evolving nature of the cryptocurrency and blockchain industry, where companies must adapt to changing market dynamics. For users and investors, it serves as a reminder to stay informed about the long-term strategies of service providers in this fast-paced sector.

Post Views: 0