Nifty Gateway's closure signals major shifts in NFT marketplace landscape

Nifty Gateway's closure signals major shifts in NFT marketplace landscape

Nifty Gateway, once a leading NFT marketplace with over $300 million in sales, will cease operations on February 23, 2026, prompting users to withdraw assets now.

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As Nifty Gateway prepares to cease operations, users must act quickly to withdraw their assets before the platform’s shutdown on February 23, 2026. The Gemini-owned marketplace has already transitioned to a withdrawal-only mode, giving customers approximately one month to transfer their remaining NFTs or funds. A shutdown notice is currently displayed on the homepage of Nifty Gateway.

Founded in 2020, Nifty Gateway gained prominence for facilitating NFT purchases via credit cards, making digital collectibles more accessible. At its peak in mid-2021, the platform recorded sales exceeding $300 million, showcasing curated drops from renowned artists such as Beeple and Grimes. However, as the NFT market began to decline, Nifty Gateway shifted its focus in April 2024 by rebranding to Nifty Gateway Studio, emphasizing onchain creative projects.

According to Gemini, the closure of Nifty Gateway will enable the company to concentrate on its broader product strategy, aiming to develop a comprehensive super app for customers while continuing to support NFTs through the Gemini Wallet.

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