Nifty Gateway, a prominent NFT marketplace born out of the NFT boom, will officially shut down its marketplace on February 23, 2026. Effective immediately, the platform has entered withdrawal-only mode, urging users to withdraw funds and digital assets before the closure. Gemini acquired Nifty Gateway in 2019, positioning it as a flagship NFT marketplace backed by exchange-grade custody and compliance infrastructure.
The closure comes amid what can be described as a prolonged NFT market downturn despite Gemini’s backing and early success. The move is part of a broader unwind of the NFT ecosystem, with multiple marketplaces either closing, consolidating, or pivoting away from trading-only models. Having hosted high-profile creator collaborations during the 2021 NFT boom, Nifty Gateway’s scale underscored its early leadership.
Attention is now turning to Nifty Gateway Studio, Gemini’s Web3 creative arm launched in 2024, the future of which remains uncertain. While NG Studio was positioned as a full-service production studio for immersive, on-chain experiences, investors and creators are waiting to see whether it continues independently, evolves under Gemini’s broader strategy, or winds down alongside the platform. Gemini did not provide specific guidance on the studio’s fate in its announcement.
For users, the immediate priority is asset withdrawal, with Nifty Gateway indicating that customers holding USD, ETH, or NFTs will receive email instructions to move assets off the platform. Nifty Gateway has stated the operation will fully cease on February 23, 2026, after the withdrawal window closes. The development mirrors other strategic retreats in the NFT space, reinforcing the need for caution among collectors and creators.
Leave a Reply