Nifty Gateway to Shut Down Feb 23, 2026; Now Withdrawal-Only
Nifty Gateway, the Gemini-owned NFT marketplace, will close on February 23, 2026, and has transitioned to withdrawal-only mode, the company announced in a post on X on Saturday.
A shutdown notice on the platform’s homepage advises users they have about one month to remove remaining NFTs or funds. Withdrawals can be made through a linked Gemini Exchange account or directly to a bank via Stripe. The company said holders of NFTs, ETH, or U.S. dollar balances will receive email instructions and encouraged customers to complete withdrawals before the February deadline.
Nifty Gateway topped $300 million in sales at its peak
Launched in 2020, Nifty Gateway was among the first NFT platforms to attract mainstream users by enabling credit card purchases and offering curated drops from high-profile creators, including Beeple and Grimes. During the mid-2021 market surge, the platform facilitated more than $300 million in sales, before activity slowed alongside the broader NFT market. In April 2024, it shifted away from a traditional marketplace model, rebranding as Nifty Gateway Studio to focus on onchain creative initiatives and brand partnerships.
Gemini, which acquired Nifty Gateway in 2019, said the closure is intended to sharpen its broader product strategy and support development of a one-stop “super app” for customers. The exchange added that NFT support will continue via the Gemini Wallet.
Animoca acquires Somo as NFT market shows signs of life
Earlier this month, Animoca Brands acquired gaming and digital collectibles company Somo, with plans to integrate its playable and tradable collectibles into Animoca’s broader blockchain ecosystem through shared infrastructure and partnerships. The company described the deal as a strategic extension of its gaming and NFT portfolio.
The acquisition coincided with a short-term rebound in NFTs at the start of 2026. Total NFT market capitalization rose about 20% in the first two weeks of the year, increasing from roughly $2.5 billion to over $3 billion, including a single-day jump of about $300 million alongside higher trading volumes.
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