Nifty Gateway to Shut Down: Iconic NFT Marketplace Closes After $300M Peak
On January 24, 2026, Nifty Gateway, one of the oldest and most prominent NFT trading platforms, announced it would permanently shut down on February 23, 2026. .
At its peak in mid-2021, the platform facilitated over $300 million in sales and was a central player in the digital art boom, hosting high-profile "drops" from artists such as Beeple and Grimes.
Effective Date: The platform officially closes on February 23, 2026.
Current Status: It has immediately entered "withdrawal-only mode," allowing users approximately one month to move their NFTs, USD, and Ethereum balances.
Strategic Pivot: Gemini, the parent company, stated the closure allows them to focus on building a "one-stop super app." Gemini will continue to support NFTs through its own Gemini Wallet.
Platform Legacy: Founded in 2018 and acquired by Gemini in 2019, Nifty Gateway was one of the first marketplaces to allow NFT purchases via credit cards and fiat currency.
The platform previously attempted to pivot in April 2024 by rebranding as "Nifty Gateway Studio" to focus on on-chain creative projects, but this shift was not enough to sustain operations during a prolonged NFT bear market.
