Platform NFT Gemini Nifty Gateway Closed on February 23, 2026

Nifty Gateway, one of the pioneering NFT trading platforms that once dominated the global digital art boom, will soon be shutting down. The parent company Gemini has announced that this platform will officially close on February 23, 2026—just three weeks from now. Since February 1, 2026, the platform has entered an exclusive withdrawal mode, giving users limited time to transfer their digital assets and funds.

Gemini’s Business Strategy Transition Toward a Super App

Gemini’s decision to close Nifty Gateway is not sudden but part of a larger business reorientation. In April 2024, the platform began shifting focus from traditional marketplace operations by rebranding to Nifty Gateway Studio. During this phase, the platform no longer focused solely on periodic NFT sales but transitioned to developing blockchain-based creative projects in collaboration with leading brands and artists.

Gemini, as the parent company, explains that this closure strategy allows them to consolidate resources and build a long-term vision: creating an all-in-one “super app” for customers. Although Nifty Gateway is closing, Gemini affirms its ongoing commitment to the NFT ecosystem through Gemini Wallet, which will continue to be the primary means for users to manage their digital collections.

Fund Withdrawal Schedule and User Migration Guide

Nifty Gateway users have exactly one month—until February 23, 2026—to secure their assets. Several withdrawal options are available: users can transfer funds via their linked Gemini Exchange account or withdraw directly to their bank account via Stripe.

This process is designed to provide maximum flexibility to the dispersed Nifty Gateway community. The platform also displays a closing notification banner on its main page as a continuous reminder for users who may still have assets or funds remaining.

The Fall of a Legendary Platform: From 2021 Glory to Ongoing Bear Market

To understand the context of this closure, it is important to look back at Nifty Gateway’s history. In mid-2021—when the NFT boom was at its peak—the platform facilitated transactions worth over $300 million. Nifty Gateway was not only a transaction marketplace but also a pioneer that made NFTs accessible to mainstream audiences by simplifying the purchase process and accepting credit card payments—an innovative feature at the time rarely seen in crypto-dominated markets.

The platform hosted exclusive curated “drops” in collaboration with top artists like Beeple and Grimes, creating significant cultural moments in digital art history. However, the trajectory of the NFT market has experienced dramatic shifts since then.

NFT market capitalization peaked in early 2022 at a valuation of $17 billion but has since endured a prolonged bear market. Currently, the NFT market trades at much lower levels, with a current market cap of $2.8 billion—representing a decline of over 80% from its peak. This market contraction reflects a shift in investor sentiment and waning retail enthusiasm for collectible digital assets.

The closure of Nifty Gateway on February 23, 2026, symbolizes the end of a certain era in NFT history, while also marking Gemini’s evolution toward a more integrated and sustainable business model for the future.