Vasari Art Codex

trending_up market schedule Jan 27, 2026 visibility 2

nifty gateway nft platform shutters 1234771081

Nifty Gateway, one of the earliest and most prominent NFT marketplaces, announced it will shut down on February 23, 2026, citing sharply declining activity. The platform, founded in 2018 by twins Duncan and Griffin Cock Foster and acquired by Gemini in 2019, has entered withdrawal-only mode, advising users to move their assets before the deadline. At its peak in 2021, Nifty Gateway reported $300 million in gross merchandise value, boosted by a Sotheby's partnership for a $17 million NFT drop by the artist Pak. The closure follows the collapse of the NFT boom, with trading volumes plummeting and other platforms like Async Art, KnownOrigin, and MakersPlace already shuttered.

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article news schedule Jan 7, 2026

nft paris and rwa paris shelved with one month notice due to crypto and nft market collapse founder says 1234768992

NFT Paris and its sister event RWA Paris have been canceled just one month before they were scheduled to take place at the Grande Halle de la Villette in Paris. Founder Alexandre Tsydenkov announced the cancellation on LinkedIn, citing the collapse of the crypto and NFT markets as making the events financially impossible despite drastic cost cuts. Both conferences had run for four years, showcasing digital art, NFT galleries, and AI-generated works, but had recently shifted toward broader tech and blockchain topics. All tickets will be refunded.

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article news schedule Jan 6, 2026 visibility 1 link 3 artists, 2 galleries

defaults on art loans soar impact of australias social media ban on museums writer takes aim at singapore biennial morning link for january 6 2025 1234768881

The Financial Times reports that half of non-bank lenders offering loans against artworks experienced defaults in 2024, up from 17% two years earlier, according to the Art and Finance Report 2025 by Deloitte Private and ArtTactic. The art market has shrunk 12% to $57.5 billion since 2022, dragging down collateral values and triggering margin calls. Meanwhile, Australia's social media ban for under-16s raises questions for museums, with the Art Gallery of New South Wales noting minimal impact but the Museum of Contemporary Art Australia more reliant on youth engagement. Other news includes Vanessa Horabuena's speed-painted Jesus sold for $2.75 million at Mar-a-Lago, the cancellation of NFT Paris and RWA Paris 2026, and a critical column calling for the end of the Singapore Biennial.

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