Gemini Exchange has announced the permanent closure of its NFT marketplace Nifty Gateway, effective February 23, 2026. The platform entered withdrawal-only mode immediately, giving users roughly one month to retrieve their digital assets and funds.
According to Coin Bureau on X, the announcement sent shockwaves through the digital art community.
"BREAKING: GEMINI'S NFT PLATFORM TO SHUT DOWN. Nifty Gateway just announced that they will shut down operations on Feb. 23, 2026."
The decision marks the end of an ambitious venture that launched in 2020 with aspirations to revolutionize digital art ownership. Nifty Gateway facilitated dozens of high-profile NFT drops and creative experiences during its operational years.
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Gemini Shifts Focus to Super App Strategy
The shutdown reflects Gemini's strategic pivot toward building a comprehensive cryptocurrency super app. The exchange will continue supporting NFTs through its Gemini Wallet, which debuted in August 2025.
Gemini's official announcement stated the closure allows the company to sharpen its focus and execute its unified platform vision. Users holding USD, ETH, or NFTs on Nifty Gateway will receive specific migration instructions.
The platform's closure coincides with broader regulatory clarity in the crypto space, as evidenced by recent developments where the SEC and CFTC End Turf War Era. However, the NFT market has experienced significant cooling since its 2021 peak.
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Digital Art Community Faces Migration Deadline
Current Nifty Gateway customers must act before the February 23 deadline. Those with questions can contact support@niftygateway.com for assistance during the transition period.
The closure reflects changing priorities within the crypto industry. While NFT platforms struggle, institutional adoption of blockchain technology continues accelerating. The Ethereum Foundation Unveils $2M Quantum Defense Strategy, demonstrating continued infrastructure investment despite market shifts.
Gemini's decision to consolidate NFT functionality within its main wallet application suggests a preference for integrated services over standalone platforms. The move eliminates operational complexity while maintaining core NFT capabilities for users who migrated to the Gemini ecosystem.
Artists and collectors who relied on Nifty Gateway's specialized features now face the challenge of finding alternative platforms or adapting to Gemini Wallet's interface. The shutdown removes one of the early pioneers that helped legitimize NFTs during the 2020-2021 boom period.
Key Takeaways:
Nifty Gateway closes February 23, 2026 after five years of operation in the digital art space
Platform entered withdrawal-only mode giving users one month to move assets off the marketplace
Gemini focuses on super app development while maintaining NFT support through Gemini Wallet
This Article First Appeared on:https://www.cryptonewslive.org/article/geminis-nft-platform-to-shut-down-after-5-year-run