Adams wrote in an open letter to the Yorkshire Evening Post: "I'm immensely honored to have represented our country and to win double Olympic gold medals and then the WBO championship belt is a "dream come true".
The 37-year-old turned professional in 2017 and is the World Boxing Organization (WBO) world flyeweight champion, but the risks to her health are too great.
Adams won two Olympic gold medals in 2012 and 2016, joining Claressa Shields as the only two female boxers in history to win multiple gold medals.
Adams said that eye specialist has advised her that any further impact to her eye would most likely lead to irreversible damage and permanent blindness.
A closely-fought encounter that was deemed to be a split draw by the judges ultimately proved to be Adams' curtain call as a professional boxer, bringing a glorious and unprecedented career to a close. Whilst I am proud of my achievements, the unwavering belief from everyone in my corner, is something I will appreciate for the rest of my life. She will always be recalled as the first, the one who held the door open for female British boxers.
There were further successes at the 2014 Commonwealth Games in Glasgow, the European Games in Baku and the World Championships in Astana, before she beat Sarah Ourahmoune in Brazil to become the first Briton to retain an Olympic boxing title since 1924. She did win a world title but only after the WBO handed it to her this summer. In fact, Mexican junior featherweight world champion Israel Vazquez actually had his eye replaced with a prosthetic eye in 2016 because of the injuries he suffered during his boxing career.
Adams drew with Mexico's Maria Salinas in her last fight in September at the Royal Albert Hall.
At the 2012 Olympic Games in London, Adams was one of three British boxers to win an Olympic gold medal.
"It was my absolute pleasure and privileged to promote the professional career of Nicola and it is just a pity that it has come to a conclusion", said promoter Frank Warren in reaction to the news of his first female star calling it a day.
McCracken added that it will be hard for someone to equal Adams' achievements in boxing but hopefully she some girls would try to go at it and try to excel in any sport. Due to the fact boxing is a very demanding sport around the facial area, it is actually a little surprising that not more boxers have given vision concerns as a reason for retirement.
"Her accomplishments will go down in history and she will always be an icon of British sport".
"She will be much missed in the sport of boxing, but will remain an inspiration to others for many generations to come".