Major Web3 events shelved, marking first cancellations of 2026

Core Insights - Two major Web3 events, NFT Paris and RWA Paris, have been officially canceled for 2026 after four successful editions, marking the end of Paris's status as a leading hub for Web3 gatherings in Europe [1][5]. Group 1: Event Cancellation - The cancellation was announced on January 6, 2026, due to the severe impact of the prolonged crypto market downturn [5][6]. - NFT Paris, launched in 2022, quickly became a flagship event for the NFT and digital art sectors, attracting tens of thousands of attendees and hundreds of speakers globally [5]. - The expansion into RWA Paris reflected the industry's shift towards tokenization and institutional adoption [5]. Group 2: Market Context - The NFT market has cooled since its 2021 boom, but NFTs continue to evolve beyond digital art, influencing sectors like gaming, identity, and tokenized assets [3]. - Real-world asset (RWA) tokenization applies the concept of NFTs to tangible assets, increasing liquidity, transparency, and accessibility for global investors [4].