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Nifty Gateway, one of the most famous platforms to come out of the NFT boom, has announced that it will officially close its market on February 23, 2026.
Gemini acquired Nifty Gateway in 2019. The Winklevoss platform also provided the regulatory, proprietary and security infrastructure supporting the NFT market and its subsequent evolution into Nifty Gateway Studio as a creative arm powered by Gemini for Web3 games.
As of now, the platform has entered a “withdrawal only mode”, urging users to withdraw funds and digital assets before the shutdown.
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Nifty Gateway Studio shared the news, confirming that no new trading or activity will take place on the platform.
“Today we announce that the Nifty Gateway platform will shut down on February 23, 2026. As of today, Nifty Gateway is in retirement mode only,” As she said Company.
He added that customers holding USD, ETH, or NFT will receive instructions by email on how to transfer their assets off the platform.
Nifty Gateway was launched around 2020and quickly became a household name during the first NFT wave. It features curated digital art releases and a friendly approach that allows you to purchase via credit cards and fiat currencies.
This reach has helped attract a wider, non-cryptocurrency audience at a time when NFTs are rapidly entering mainstream culture.
Pick up Cameron and Tyler Vanklevossthe founders of the Gemini Exchange, came on board in 2019. This has positioned it as a leading market for non-fungible tokens supported by exchange-level custodial and compliance infrastructure.
At its peak during the NFT boom of 2021, Nifty Gateway hosted dozens of high-profile collaborations between creators and brands. This helped legitimize digital art and collectibles as a new asset class.
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And with The trading volume of NFTs collapsed in the following years User interest waned, and the platform had difficulty regaining momentum. This is despite attempts by the wider industry to reframe non-fungible tokens around it Services, games and real life assets. The network was also subjected to a hack in 2021 that hacked several accounts.
NFT Market Unwind raises questions about the future of Nifty Gateway Studio
The closure reflects a longer period of decline for the NFT market, which has seen many markets close, consolidate or move away from pure business models for non-fungible tokens (NFT).
Next to Nifty GatewayAnother player who recently left the scene was Nike, just years after becoming… The brand with the highest revenue from NFT sales in the world.
RTFKT, which Nike acquired in 2021, also closed. Web Operations 3 In January 2025 due to a sharp decline in the NFT market.
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Therefore, this represents another notable pullback from the previously lagging NFT sector, which has struggled to regain momentum from its 2021 peak.
As Jiminy continued Expanding its regulated services for digital currencies worldwideThe closure of Nifty Gateway indicates that even well-capitalized early-stage companies are finding it difficult to sustain their NFT businesses in the current market environment.
What’s next for Nifty Gateway Studio?
It’s worth noting that the latest development comes just weeks after Nifty Gateway Studio announced vacant internship opportunities, likely indicating an interest in new talent or a shift towards cost-consciousness.
Therefore, an open question after the announcement is the future of Nifty Gateway Studio (NGS), the creative arm of the company in Web3, which officially launches in 2024.
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NGS is positioned as a full-service digital production studio focused on immersive creative experiences in series. Collaborated with artists, brands and creators on experiential NFT-based content.
The projects ranged from limited edition collections to interactive collections that blend artificial intelligence, art and blockchain ownership.
Despite its close connection with the native market, it is still unclear whether Nifty Gateway Studio will:
- Continue to work independently
- Evolution under the wider Gemini strategy, or
- To be relaxed near the platform itself.
The company did not provide specific guidance regarding the future of the studio in its announcement, and did not immediately respond to BeInCrypto’s request for comment.
“Very sad news. So proud of what NG has accomplished and the work that everyone has done. During my time running NG with Griffin Cook Foster, we paid over $500 million to artists. In 2021, it was ~1/8 of the money that YouTube paid creators in 2021. The NFT movement will continue.” He said Duncan Cook Foster, former co-founder of Nifty Gateway Studio.
For users, the immediate priority is to withdraw assets. Nifty Gateway has confirmed that customers must transfer all funds and non-fungible tokens before the expiry date of February 23, 2026. After this, the platform will stop working completely.
