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Quix Makes its Code Base Open-Source

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It is reported that Quix, the Optimism ecological NFT market, announced on social media that the code base is open source, involving the front-end and back-end…

Quix Makes its Code Base Open-Source

It is reported that Quix, the Optimism ecological NFT market, announced on social media that the code base is open source, involving the front-end and back-end code of NFT trading platform, NFT indexer and Launchpad. Now any developer can deploy and expand it. Quix said in November last year that the monthly infrastructure cost has exceeded the revenue, so it plans to terminate the operation in February 2023 and end the transaction incentive mechanism. Quix will cooperate with Optimism Foundation to ensure a smooth transition, and its team is committed to maintaining the operation until February 28, 2023.

Optimism Ecological NFT Market Quix Announces Open Source of Code Base

Interpretation of the news:


Quix, the Optimism ecological NFT market, announced on social media that their code base is now open-source, and any developer can deploy and expand the NFT trading platform, NFT indexer, and Launchpad involving the front-end and back-end code. This move is expected to facilitate the platform’s growth, making it more accessible to developers and enabling them to contribute to its development.

Quix had announced in November last year that it planned to terminate its operation in February 2023 since its infrastructure cost had exceeded revenue. However, Quix will be working in cooperation with the Optimism Foundation to ensure the smooth transition to the platform’s termination. Quix’s team is committed to maintaining its operation until February 28, 2023, to minimize any inconvenience to its users.

Open-sourcing the code base is an excellent strategy for Quix to handle its financial challenges while fostering collaboration within the tech ecosystem. This move helps to create a sustainable system that can be further expanded and upgraded to meet the needs of different markets.

By embracing open-source, Quix has empowered their community to assist the platform’s development and promote its growth. It allows developers, engineers, and tech enthusiasts to audit the code base or showcase their skills by contributing directly to the platform’s development. This, in turn, helps Quix to address vulnerabilities, enhance the platform with new features, and attract more users.

Moreover, the partnership between Quix and the Optimism Foundation is essential to secure the platform’s termination, minimizing any negative effects to its users. The foundation ensures that the code base’s legal and administrative aspects are handled correctly, reducing any liability on Quix’s team.

In conclusion, open-sourcing Quix’s code base is a significant move that will secure its future, delivery sustainable solutions, and enable developers to contribute directly to the platform’s development. The partnership with the Optimism Foundation ensures a smooth exit and secures users’ assets, and the commitment to maintaining Quix’s operation until February 28, 2023, demonstrates its dedication to fulfilling its obligations.

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