Gemini to shut down Nifty Gateway NFT marketplace this Feb.
The post Gemini to shut down Nifty Gateway NFT marketplace this Feb. appeared on BitcoinEthereumNews.com.
Gemini Trust Co., the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, said it will shut down its Nifty Gateway NFT marketplace, marking another retrenchment in the once-booming digital collectibles sector. Summary Gemini said Nifty Gateway helped introduce new creative experiences during the height of the NFT boom. Now, it’s coming to an end. The closure reflects Gemini’s broader strategic shift as it looks to focus on what it describes as building a “one-stop super app” for crypto users. The move comes amid a prolonged downturn in the NFT market. In a statement released Tuesday, Gemini said Nifty Gateway will officially close on February 23. The platform has entered withdrawal-only mode effective immediately, allowing users to move their assets off the marketplace ahead of the shutdown. Launched in 2020, Nifty Gateway positioned itself as a premium destination for digital art and collectibles, gaining early attention for high-profile NFT drops and collaborations with established artists and brands. Gemini said the platform supported “dozens of innovative drops” and helped introduce new creative experiences during the height of the NFT boom. “We are incredibly proud of the work the Nifty team has pioneered and grateful to Nifty Gateway’s customers and artists for joining us on this journey,” Gemini said. The closure reflects Gemini’s broader strategic shift as it looks to consolidate products and focus on what it describes as building a “one-stop super app” for crypto users. While the standalone marketplace will be wound down, Gemini said it will continue to support NFTs through the Gemini Wallet, which launched in August 2025. Nifty Gateway customers who hold NFTs along with USD or ether balances will receive instructions on how to migrate their assets from Nifty Gateway into the broader Gemini ecosystem. The move comes amid a prolonged downturn in the NFT market, where…
Filed under: News - @ January 28, 2026 12:25 am