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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.

The Long Legal Saga Between Artist Ryder Ripps and the Bored Ape Yacht Club Is Finally Over

Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC), has reached a confidential settlement with artist Ryder Ripps and his partner Jeremy Cahen, ending a multi-year legal battle over trademark infringement and appropriation art. The dispute began in 2022 when Ripps launched his RR/BAYC NFT collection, which used identical imagery to the original Bored Apes to protest alleged racist and alt-right symbolism within the project. As part of the agreement, Ripps and Cahen are now under a permanent injunction preventing them from using any Yuga Labs trademarks or images.

Foundation, a Prominent NFT Platform of the 2021 Boom, Shuts Down After Failed Sale

Foundation, a prominent Ethereum-based NFT marketplace that launched during the 2021 digital art boom, has announced it will shut down following a failed acquisition by the digital art company Blackdove. CEO Kayvon Tehranian confirmed that the platform has entered a one-year wind-down phase, urging users to migrate their assets as no other viable buyers exist in the current market. The closure follows the collapse of a deal that was intended to provide long-term stewardship for the platform, which had facilitated over $230 million in sales since its inception.

‘Fully Immersive’ Beeple Survey Lands in Silicon Valley

Digital artist Mike Winkelmann, known as Beeple, is launching a major mid-career survey titled "BEEPLE: / INFINITE_LOOP" at Node, a new non-profit art space in Silicon Valley. The exhibition features immersive installations including the kinetic sculpture "Human One," the multi-screen tower "Diffuse Control," and a comprehensive presentation of his long-running "Everydays" project. This survey marks a significant moment for the artist as he transitions from the viral NFT boom into large-scale physical and generative museum-style installations.

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.

Ex-Sotheby’s CEO Tad Smith Banks on NFTs, Agrees to Buy Collectibles Platform Candy Digital

Tad Smith, former CEO of Sotheby's and current chairman of the NFT project Doodles, has agreed to acquire most of the assets of the digital collectibles platform Candy Digital. Upon the deal's expected closure in the coming weeks, Smith will also assume the role of CEO, signaling a significant personal and financial bet on the future of the sector.

beeple robot dogs neue nationalgalerie berlin 1234777052

Digital artist Beeple is bringing his viral robotic installation, "Regular Animals (2025)," to the Neue Nationalgalerie in Berlin this April. The work features a pack of AI-powered robotic dogs with heads modeled after tech moguls like Elon Musk and art icons like Pablo Picasso, which roam a pen, capture images of the audience, and "eject" AI-filtered prints from their rears. The presentation will coincide with Gallery Weekend Berlin and include a dialogue with Nam June Paik’s "Andy Warhol Robot (1994)."

introducing the 2022 artnet innovators list 2215327

Artnet News has published its second annual Innovators List, highlighting 35 individuals from across the global art world who are driving change. The list, curated with input from 50 art-world leaders, features a diverse range of ages, geographies, and roles, including artists, dealers, and entrepreneurs working in areas like digital art, new market centers, and institutional reform.

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.

nifty gateway closed down 2740267

Nifty Gateway, an early NFT marketplace founded in 2018 and acquired by Gemini, will shut down on February 23 after entering withdrawal-only mode. The platform, which once reported $300 million in gross merchandise value in 2021 and partnered with Sotheby's for a $17 million NFT drop, is closing amid a sharp decline in NFT trading activity. Users must withdraw their assets by the deadline, after which they can no longer list, buy, or sell NFTs on the site.

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.