Influential NFT Platform Nifty Gateway Set to Shut Down in February
Nifty Gateway, a key NFT platform acquired by Gemini in 2019, will shut down on February 23, 2026, moving immediately to “withdrawal-only” mode. The abrupt announcement has raised concerns among artists and collectors about withdrawal processes, the fate of unsaved artwork, and asset preservation. Founded in 2020, Nifty Gateway made NFTs accessible to mainstream users through credit card payments and custodial wallets, driving early adoption and onboarding major artists like Beeple and XCOPY. As NFT market trends shifted to profile picture projects and decentralized platforms, Nifty Gateway’s centralized, curated approach fell out of favor. Some users are now scrambling to withdraw their assets, with millions in NFTs at risk of being lost if not removed from custodial wallets. While its closure highlights risks with centralized platforms and loss of access, Nifty Gateway is credited with pioneering important NFT infrastructure and broadening digital art collecting, even as the broader space has since matured toward decentralization and artist control.
