PANews
PANews|Jan 28, 2026 00:17
[Nifty Gateway Commits to Permanent NFT Custody After Shutdown, Withdrawal Window Extended to April 23] According to The Block, Gemini's NFT trading platform Nifty Gateway has announced new details on how it will preserve users' NFTs after ceasing operations. The company has pledged to permanently host token metadata and media even after the platform shuts down. The specific plan includes migrating most NFT metadata to the decentralized storage network Arweave. For certain NFTs minted in 2021 or earlier that are technically unable to be migrated, their metadata will be indefinitely hosted by the company. Additionally, the platform has extended the withdrawal window for users to extract their NFTs until April 23, providing a total of 90 days. The company stated that it is developing a bulk withdrawal tool to assist users holding large quantities of NFTs in transferring their assets before the deadline. Nifty Gateway was acquired by Gemini in 2019 and rose to prominence during the NFT boom in 2021. However, it faced challenges due to a decline in overall market trading volume and entered withdrawal-only mode earlier this year.
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