Nifty Gateway, a prominent NFT marketplace, will close on February 23, 2026, amid the sector’s downturn. Users have one month to withdraw NFTs and funds. At its peak, the platform generated over $300 million in sales. Gemini, the owner, plans to focus on its broader product strategy post-closure while continuing NFT support.

In a sign of life for the NFT market, Animoca Brands acquired Somo, a gaming and collectibles firm. The move integrates Somo’s assets into Animoca’s blockchain ecosystem. NFT market capitalization rose 20% in early 2026, exceeding $3 billion. The acquisition is seen as a strategic extension of Animoca’s gaming and NFT portfolio.

Read more at Cointelegraph: Nifty Gateway to Shut Down in February 2026 as NFT Market Slump Deepens