One of the oldest NFT trading platform which facilitated over $300 million in sales at its peak shuts down

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email One of the oldest NFT trading platform which facilitated over $300 million in sales at its peak shuts down The platform, Nifty Gateway, which once facilitated over $300 million in sales, had shifted its focus to building onchain creative projects in 2024, but will now close. By Francisco Rodrigues , AI Boost | Edited by Aoyon Ashraf Jan 24, 2026, 4:02 p.m. Make us preferred on Google Nifty Gateway is shutting down. (Shutterstock) What to know : Nifty Gateway, an NFT platform, will shut down on February 23, 2026, and has entered withdrawal-only mode, allowing users one month to move their NFTs and funds. The platform, which once facilitated over $300 million in sales, had shifted its focus to building onchain creative projects in 2024, but will now close. The shutdown will allow parent company Gemini to focus on building a "one-stop super app" and will continue to support NFTs through its Gemini Wallet. Nifty Gateway, the non-fungible token (NFT) trading platform that was once central to the 2021 digital art boom, will shut down on Feb. 23, 2026. Starting immediately, the platform has entered withdrawal-only mode, giving users one month to move any NFTs or funds still on the site, according to an announcement from the company. The website also shows a notice of closing on its homepage. Users can withdraw their funds from the platform through a connected Gemini Exchange account or to their bank via Stripe. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Nifty website shutdown notice (Nifty) The Gemini-owned platform helped bring digital collectibles to a broader audience by simplifying 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 over $300 million in sales. But in April 2024, the company shifted away from marketplace operations, rebranding as Nifty Gateway Studio. The focus moved toward building onchain creative projects in partnership 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 via the Gemini Wallet.” The NFT market reached a $17 billion market capitalization in early 2022 but has since been in a long, drawn-out bear market. Its current market capitalization is now at $2.8 billion . Read more: Founders of Gemini-Owned NFT Marketplace Nifty Exchange Are Leaving the Company NFTs Gemini Exchange Nft marketplace AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market By CoinDesk Research Dec 22, 2025 Commissioned by KuCoin KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market. What to know : KuCoin recorded over $1.25 trillion in total trading volume in 2025 , equivalent to an average of roughly $114 billion per month , marking its strongest year on record. 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