envato studio and twenty20 shutdown

Longtime Collaborators Left in the Dark after the Sudden Closure of Envato Studio & Twenty20

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Envato Studio and Twento20, two online marketplaces for creative products and services and a community of digital talents, are suddenly shutting down. This move from the parent company Envato is a shock to the many service providers, including designers, developers, and photographers who have used the platform for years and have come to rely on it as a source of income.

We will provide more in-depth information, and can confirm that both Envato Studio and Twenty20 will be shut down by the end of October.

BenLeong, Envato Team – Author Relationships & Engagement

Envato has given no explanation for the sudden shutdown of Envato Studio, leaving service providers scrambling to find new ways to make a living. This is a significant blow to the freelance community, which has already been hit hard by the pandemic.

Envato should have thought twice about how this business decided to close its studio prior to considering the opinions of their authors. How I handle my household now, it will take a long time to return to my revenue stage. You know how difficult is to restart the business, and it is not a guaranteed sale. I am extremely disappointed by this decision. Envato should rethink their behavior or take action to remedy the pain points of the service providers.

WonderArt, A Service Provider of Envato Studio.

DevPlus31, another Envato Market-based service provider, said, “This is very bad news. Envato Studio is my main income source. Now, I feel lost since other platforms are not quite good as Studio, as far as I know. I think Envato should re-consider or at least keep Express Installation services. Also, please keep our profiles for at least some years. just a static page. It costs you nothing.

In case you did not know, Envato is a leading global digital content and services marketplace with over 2 million active users. Envato Studio was launched in 2013 as a way for freelance creatives to connect with customers who need their services.

While there is no clear explanation, CEO of Envato, Hichame Assi said, “There is a very wide variety of highly creative products, but some have been around for quite some time, and others are fairly new and doing very well. For us, it’s essential to concentrate on our products that are still doing well and attract our customers’ attention. Source: Australian Financial Review

The company’s latest announcement indicated that it would ditch other products while they would mainly pivot towards its other sister concerns – Envato Market, Envato Elements, and Placeit. This week, Envato’s devoted followers have already come to know that the legacy platforms included Envato Studio and Twenty20.

Finally, many vendors have requested to give them ample transition to shift to their own platform before this abrupt and strict decision. I would like to request that the Envato team reconsider the transition period and find a way to help the existing service providers and consumers to at least keep in contact among the parties. On the other hand, I recommend that all service providers who depend primarily on the marketplace should always have a plan B in place. This way, they can easily tackle this type of catastrophe.

Featured Image Credit: Envato.com

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