Nifty Gateway, the non-fungible token (NFT) trading platform that was once at the center of 2021’s digital art boom will close on February 23, 2026.
Effective immediately, the platform has moved to withdrawal-only mode, giving users a month to move any NFTs or funds still on the site, according to an announcement from the company. The website also shows a closure notice on the homepage. Users can withdraw their funds from the platform through a connected Gemini Exchange account or through Stripe at their bank.
Useful notification for closing the website (Nifty)
The Gemini-owned platform has helped bring digital collectibles to a wider audience by simplifying it 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 revenues of over $300 million. But in April 2024, the company moved away from market operations and changed its brand name to Nifty Gateway Studio.
The focus shifted to building creative projects in the chain in collaboration with brands and artists.
“This decision will allow Gemini to sharpen its focus and execute on the vision of building a one-stop super app for customers,” the marketplace’s parent company Gemini wrote in a blog post. “We will continue to support NFTs through the Gemini Wallet.”
The NFT The market reached a market cap of $17 billion in early 2022, but has been in a prolonged bear market since then. The current market capitalization is now $2.8 billion.
Read more: Founders of Gemini-Owned NFT Marketplace Nifty Exchange is exiting the company