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Understanding Nifty Gateway’s demise is paramount for NFTs’ fans and critics alike

Nifty Gateway, a once-prominent curated NFT marketplace, has announced its closure after failing to achieve its ambitious goal of converting one billion people into NFT owners. The platform, which initially succeeded by focusing on digital art sales, leveraged social media metrics like Instagram popularity to select artists such as Kenny Scharf, Filip Hodas, and FVCKRENDER, favoring a pop-centric, visually digestible aesthetic.

Nifty Gateway has shut down, but NFTs are not dead—they are evolving

Nifty Gateway, a major NFT marketplace launched in 2020, permanently shut down in February 2026. Its closure coincided with a severe cryptocurrency market sell-off, adding to a list of defunct NFT exchanges and contributing to the perception of a market collapse.

Court Decision Ends Dispute Over Who Actually Bought Beeple’s Everydays: The First 5000 Days for $69.3 M.

A federal judge in New York has approved a final settlement in a lawsuit between the two pseudonymous figures behind the record-breaking $69.3 million purchase of Beeple's NFT "Everydays: The First 5000 Days." The agreement legally prohibits Anand Venkateswaran (Twobadour) from claiming any involvement in the 2021 Christie's purchase, confirming that Vignesh Sundaresan (Metakovan) was the sole buyer. Venkateswaran must also pay an undisclosed sum, dissociate from related online profiles, and correct third-party biographical information.