Gemini-Owned Nifty Gateway to Shut Down NFT Marketplace in February 2026

Core Insights - Nifty Gateway will officially shut down its marketplace on February 23, 2026, and has entered "withdrawal-only mode" effective immediately, urging users to withdraw their funds and digital assets [1][2] Company Overview - Nifty Gateway was acquired by Gemini in 2019, positioning it as a flagship NFT marketplace with robust regulatory, custody, and security infrastructure [1][4] - The platform gained popularity during the early NFT wave around 2020, known for curated digital art drops and allowing purchases via credit cards and fiat currencies, which attracted a broader audience [3] Market Context - At its peak during the 2021 NFT boom, Nifty Gateway hosted numerous high-profile collaborations, helping to legitimize digital art and collectibles as a new asset class [4] - The platform has struggled to regain traction as NFT trading volumes collapsed in subsequent years, despite industry efforts to reframe NFTs around utility and gaming [5]