Currently the service still allows users to create and upload new Vines, a feature which will be phased out shortly, according to the blog post.
"Nothing is happening to the apps, website or your Vines today. We value you, your Vines, and are going to do this the right way. You’ll be able to access and download your Vines. We’ll be keeping the website online because we think it’s important to still be able to watch all the incredible Vines that have been made. You will be notified before we make any changes to the app or website."
When the app was first released in June 2012, it quickly became a huge hit among mobile users. However with popular services like Instagram quickly jumping on the short-video train, Vine never turned out to what Twitter wanted it to be.