Core Insights - Nifty Gateway, a prominent NFT trading platform, will cease operations on February 23, 2026, transitioning to a withdrawal-only mode immediately, allowing users one month to withdraw their assets [1][2] - The platform, owned by Gemini, played a significant role in popularizing digital collectibles and was known for its user-friendly NFT purchasing process [2] - At its peak in mid-2021, Nifty Gateway facilitated over $300 million in sales, but shifted its focus in April 2024 to onchain creative projects, rebranding as Nifty Gateway Studio [3] Market Context - The NFT market reached a peak market capitalization of $17 billion in early 2022 but has since declined to $2.8 billion, indicating a prolonged bear market [4] - Gemini's decision to shut down Nifty Gateway is aimed at refocusing on building a comprehensive super app for customers while continuing to support NFTs through the Gemini Wallet [4]

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