In an unexpected turn of events, Nifty Gateway, a once-innovative platform in the NFT space, is set to close its digital marketplace by February 23, 2026. Users are encouraged to withdraw their assets while the site remains operational in a withdrawal-only mode.

Steps for Asset Withdrawal

The platform has activated withdrawal features for users immediately. Reports indicate that funds in USD or ETH can be transferred to a linked Gemini Exchange account or withdrawn directly to bank accounts via Stripe.

Account holders will receive detailed emails guiding them through the withdrawal process, and a notification has already been posted on the Nifty Gateway homepage to keep users informed. This initiative aims to help individuals reclaim their assets ahead of the final shutdown.

We regret to announce the closure of Nifty Gateway on February 23, 2026. As of today, the platform has entered withdrawal-only mode.

Nifty Gateway debuted in 2020 with aspirations of transforming the digital art landscape. Throughout its operation, it has featured numerous exciting…

— Nifty Gateway Studio (@niftygateway) January 24, 2026

Strategic Shift by Gemini

According to insider reports from Gemini, the motivation behind this closure is to allow the parent company to focus its resources on developing a more comprehensive app for its users. This decision underscores the notable decline in consumer interest and trading volume across various NFT platforms after a vibrant initial period.

This change has left a number of creators and collectors navigating the complexities of finding new avenues for their work held on Nifty Gateway.

Reflecting on Nifty Gateway’s Impact

Nifty Gateway became a key player in simplifying the purchasing of NFTs for users who favored traditional payment methods. It distinguished itself as a premier marketplace by hosting significant drops from notable artists.

At its zenith, Nifty Gateway achieved sales worth hundreds of millions and played a pivotal role in bringing NFT art into the collective consciousness. Its departure signifies a crucial moment in the evolution of digital marketplaces.

Essential Actions for NFT Owners

As the deadline approaches, owners should closely monitor their inboxes for crucial instructions, verify the location of their tokens, and ensure they move their assets promptly. If NFTs are stored in custodial accounts on Nifty Gateway, a secure transfer will be needed.

Balances in USD and ETH ought to be withdrawn or transferred to a connected Gemini account, depending on user preferences. Delaying this process will greatly diminish available options.

A Changing Landscape in the NFT Market

This development signals to many collectors that the high-energy days of the NFT boom may be behind them. For creators, it raises critical questions on future platforms for drops and secondary sales.

Gemini reassures users that it will continue to support NFTs through other services, such as the Gemini Wallet. However, how creators and consumers will reconnect remains reliant on new solutions that may emerge in the forthcoming months.

Image sourced from Unsplash; chart displayed via TradingView