- Nifty Gateway announces closure by February 2026, users must withdraw assets.
- Gemini to focus on NFT support through a one-stop super app.
- Market and community reactions remain mixed as assets migrate.
Nifty Gateway, an NFT trading platform owned by Gemini, will shut down on February 23, 2026, transitioning immediately to withdrawal-only mode for existing users.
Gemini plans to focus on integrating NFT services into its super app strategy, echoing broader market trends after Nifty Gateway’s peak sales period. Users must withdraw their assets.
Closure Announcement and Strategic Shift
Nifty Gateway announced its official closure, effective February 23, 2026. The platform launched with the vision to change the digital art landscape, saw declining activity, leading to this decision by its parent company, Gemini.
The shutdown aligns with Gemini’s plan to concentrate on its “super app” approach, integrating NFT functionalities into its Gemini Wallet. This shift requires users to withdraw assets, facilitated through step-by-step email instructions.
We are incredibly proud of the work the Nifty team has pioneered… We will continue to support NFTs via the Gemini Wallet. – Gemini Blog
The market response has been mixed. While users express concerns regarding asset withdrawals, Gemini remains silent on user impact or potential compensation. The broader NFT market continues to experience headwinds following post-2021 declines.
Market Conditions and Expert Perspectives
Did you know? The closure of Nifty Gateway mirrors OpenSea’s pivot in October 2025 when it shifted from an NFT marketplace to a crypto asset aggregator amidst market shifts.
Ethereum (ETH) currently trades at $2,797.70, with a market cap of $337.67 billion according to CoinMarketCap data. Its trading volume has surged by 161.99% in 24 hours despite a 5.29% price drop. These adjustments reflect broader market conditions impacting the NFT sector.
Insights from the Coincu research team suggest possible increased focus on regulatory compliance as Gemini expands its app. This may raise complexities for NFT transactions, potentially influencing global NFTs’ positioning. broader market conditions impacting the NFT sector.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/nfts-news/nifty-gateway-closure-february-2026/