Nifty Gateway, the non-fungible token (NFT) trading platform once central to the digital art boom of 2021, will close on February 23, 2026.
Effective immediately, the platform entered withdrawal-only mode, giving users one month to move any NFTs or funds still on the site, according to an announcement from the company. The website also displays a closure notice on its home page. Users can withdraw their funds from the platform through a connected Gemini Exchange account or to their bank through Stripe.
The Gemini-owned platform helped bring digital collectibles to a broader audience by simplifying NFT purchases. It was one of the oldest NFT trading platforms and hosted curated “drops” with artists like Beeple and Grimes, and accepted credit card payments, a rarity in a crypto-native market.
At its peak in mid-2021, Nifty Gateway had facilitated over $300 million in sales. But in April 2024, the company moved away from market operations and was renamed Nifty Gateway Studio.
The focus was on the creation of creative chain projects in partnership with brands and artists.
“This decision will allow Gemini to sharpen its focus and execute the vision of creating a comprehensive super app for customers,” marketplace parent company Gemini wrote in a blog post. “We will continue to support NFTs through Gemini Wallet.”
The NFT market reached a market capitalization of $17 billion in early 2022, but has since been in a long, drawn-out bear market. Its current market capitalization is $2.8 billion.
Read more: Gemini-owned NFT Marketplace Nifty Exchange founders leave company
