NFT Paris and RWA Paris 2026 were canceled by their organizers. The events stopped after four years after the market crash in late 2025.
The organizers of NFT Paris and RWA Paris 2026 canceled the events, citing pressure from the crypto market crash. The meetup was held four years in a row, even during the 2022-2023 bear market.
In 2025, as crypto sentiment shifted, older stories like NFTs were deeply affected. NFTs remain near all-time lows in activity and interest. RWA Paris was also canceled despite RWA’s rising popularity
‘The market collapse hit us hard. Despite drastic cost cuts and months of trying to make it work, we weren’t able to make it work this year.‘ announced the team.
Tickets will be refunded, but organizers may not refund all sponsors as the event progressed until the money ran out.
The cancellation of one of the most important NFT events brings more attention to the problem of failed collections and low activity.
Will NFT return?
In 2025, NFT creation continued, increasing the total number of collections. However, trading activity slowed significantly.
NFT volumes already varied widely by chain, with Ethereum remaining the most active network for legacy collections. Ethereum still has $2.74 million in NFT activity. Other chains include Solana, Polygon, Cardano and Immutable.
Cardano and Bitcoin collectibles have seen more active periods depending on the popularity of specific projects. Over the past 30 days, Bitcoin briefly held the leading position as the most active chain collectibles.
NFTs on most L2 or new L1 chains are even less active, with almost negligible volumes. OpenSea remains active traffic for NFTs on Base, which rely on low transaction fees and low-cost operations.
NFTs still exist as an idea and are issued alongside tokens, as additions to games or as community swag. At the same time, NFTs no longer store value and are rarely resold at high-profile auctions.
Top collections trade with a lower price floor
Crypto Punks, Bored Apes and Pudgy Penguins are still the top 3 NFT collections. For CryptoPunks, the price bottom has fallen close to all-time lows in 2024, around 29 ETH.
Crypto Punks are still the leading collection, although the price floor has recently fallen to an all-time low. | Source: NFT Price Floor
Ape NFT is at an all-time low of 5.52 ETH, while Penguins recovered to 5.15 ETH.
In the short term, NFTs are still bottoming out or making high-value sales. Some NFTs are also part of it treasure chests and change hands at relatively high valuations. NFT construction continues, but the market is extremely illiquid.
Conference cancellations are seen as a lagging indicator as the NFT market had already bottomed out. At the same time, we are building on-chain transactions and… activity expand with new collections. Despite some collections crashing to zero, NFTs can make a comeback in a different form.