Gemini's Nifty Gateway NFT Platform to Shut Down Permanently in February 2026

Gemini-owned NFT marketplace Nifty Gateway will cease operations on February 23, 2026. The platform, which facilitated over $300 million in sales at its peak in 2021, has entered a withdrawal-only phase, giving users until the shutdown date to remove assets. Users must withdraw NFTs or funds via a connected Gemini Exchange account or bank transfer through Stripe. The platform, known for simplifying NFT purchases with credit cards and hosting drops for artists like Beeple, shifted from marketplace operations to a studio model in April 2024. Parent company Gemini stated the closure will allow it to focus on developing a "one-stop super app," while continuing NFT support via the Gemini wallet. The shutdown follows a prolonged bear market for NFTs, with the sector's total market capitalization falling from $17 billion in early 2022 to approximately $2.8 billion currently.