Company Nifty Gateway to Cease Trading; Company Gemini Moves NFT Community to New Wallet

Company Nifty Gateway announced it will stop trading immediately and fully shut down on February 23, 2026. The platform has switched to a withdrawal-only mode, disabling listings and bids so that account holders can retrieve assets held on the service. The company urged users to transfer NFTs, USD balances, and Ethereum (ETH) to external wallets or into the buyer's preferred accounts before the deadline.

Account holders are receiving step-by-step emails detailing how to move their property. The platform confirmed that gas fees incurred to move NFTs will not be covered by the service. Users who purchased NFTs with a credit card for the first time may face a 72-hour hold before withdrawals are permitted. These operational rules emphasize the practical costs and timing risks for collectors and traders as marketplaces close or restructure.

Company Gemini, which acquired Company Nifty Gateway in 2019, said it is proud of the team’s work but is redirecting resources toward building a consolidated crypto experience. Earlier, Company Gemini launched Company Gemini Wallet in August 2025 as a single application intended to hold NFTs alongside other cryptocurrencies; Company Gemini plans to migrate the Nifty community into that environment.

Despite the shutdown of a familiar NFT venue, on-chain and marketplace data show renewed interest in certain NFT categories. The NFT market reportedly grew by roughly $700 million in the first weeks of January, with weekly sales near $85 million. Notable trends include a shift from simple profile-picture collections to utility NFTs that provide access to games, events, or real-world benefits. Projects such as Company Pudgy Penguins have launched fungible tokens like PENGU to broaden engagement between hardcore collectors and mainstream crypto users.

Market leaders are also adapting. Company OpenSea announced a pivot toward becoming a crypto asset aggregator in October 2025; its founder, Mr. Devin Finzer, revealed plans for a native token with ticker SEA to launch in early 2026 and indicated that 50% of supply will go to long-term users.

The closing of Company Nifty Gateway underscores the uneven lifecycle of NFT platforms: high early enthusiasm and occasional mega-drops were followed by user attrition and consolidation as broader market priorities shifted. For collectors and traders, the immediate imperative is to act on withdrawal instructions, account for on-chain fees (not covered by Company Nifty Gateway), and select secure custody solutions—either self-custody or approved custodial services like Company Gemini.

What this means for the market: the industry continues to consolidate and professionalize. While some legacy marketplaces shutter, the total NFT ecosystem shows pockets of growth, particularly in utility-driven projects and tokenized access models. Traders should watch liquidity, fee structures (especially gas on Ethereum), and migration plans from major companies. The Nifty Gateway closure is both a sign of contraction for a specific product and an inflection point toward integrated wallet experiences and new token models.