Paintswap Review 2026: NFT Marketplace Closed, BRUSH Remains

Paintswap launched on 20 May 2021 as an AMM decentralized exchange and open NFT marketplace on the Fantom Opera network. Over time it grew into a wider suite on Sonic, the chain that succeeded Fantom, covering NFT trading, creator launches, verifiable randomness, NFT lending and on-chain gaming.

The project's X account now states that the Paintswap NFT Marketplace and Launchpad are officially shut down. It adds that Paintswap remains active, with the team concentrating on Estfor Kingdom, its on-chain idle MMORPG, and upcoming work. This changes what the project is: it is no longer a place to trade NFTs.

What remains includes PaintswapVRF, the BRUSH token, and the open-source repositories the team publishes. BRUSH trades at a fraction of a cent on very low volume. Anyone considering the project should treat it as a small, high-risk ecosystem rather than an active marketplace.

Paintswap started as an automated market maker (AMM) and open NFT marketplace on Fantom. An AMM lets users swap tokens against pools funded by liquidity providers rather than an order book. On the NFT side, users could list, bid on and buy collectibles and art, and creators could launch collections.

BRUSH tied the system together. Marketplace and launchpad fees were split so that half bought back and burned BRUSH, which reduced supply. The token is also paid out as a reward in Estfor Kingdom, an on-chain idle game where players earn it through gameplay.

PaintswapVRF works differently. Smart contracts cannot generate truly random numbers on their own, so a VRF (verifiable random function) service supplies a random value along with proof that it was not manipulated. Games, raffles and drops can use it to prove fair outcomes.

Paintswap does not publish a current fee schedule in the sources reviewed. Historically, marketplace and launchpad fees funded a buyback and burn: 50% of them were used to purchase and destroy BRUSH. The marketplace and launchpad are now closed, so those fee flows no longer apply.

For any remaining product, such as VRF requests or in-game actions, users would pay network gas on Sonic plus whatever the product charges. Check the relevant app or documentation for exact figures before using it.

Paintswap does not publish audit reports, team identities or a regulatory status in the sources reviewed, so readers cannot verify smart-contract security from them. One search listing shows a profile on a security contest platform, but it does not establish what was reviewed. Smart-contract risk applies to any token, game or VRF integration.

The wind-down of the marketplace and launchpad is the main structural concern. BRUSH's deflationary design depended on fees from those products. Liquidity is also very thin, with reported daily volume in the tens of dollars, which raises slippage and exit risk. Treat BRUSH as speculative and check contract addresses carefully to avoid fake tokens.

Paintswap now suits Sonic developers who want a verifiable randomness service, players interested in Estfor Kingdom, and BRUSH holders following what happens next. It does not suit anyone looking for an NFT marketplace, since that product is closed, or anyone who needs deep token liquidity.