NFT Paris cancels 2026 events after market downturn

NFT Paris and RWA Paris have cancelled their February 2026 conferences in Paris with roughly one month’s notice due to deteriorating market conditions.

Organisers said the total NFT market capitalisation fell sharply from around $9 billion in January 2025 to just over $2.7 billion in early 2026.

The market collapse hit us hard.

The organisers said, adding that cost-cutting efforts over several months were not enough to keep the events viable.

The statement suggested the organisers are closing a chapter on the conferences without confirming whether similar events could return in the future.

NFT Paris said all ticket purchases would be refunded within 15 days, although some sponsors reported they would not receive refunds.

NFT sales volumes also weakened through late 2025, dropping to roughly $320 million in November and declining further in December.

Data cited by the organisers showed the NFT market suffered a 68% year-on-year decline in overall value.

The downturn has prompted strategic shifts across the sector, including OpenSea’s move to reposition itself beyond NFTs.

OpenSea chief executive Devin Finzer previously said the platform would transform to allow trading of tokens, collectibles and both digital and physical assets.

Other platforms have also adjusted, with X2Y2 shutting down to pivot towards artificial intelligence and Rarible redesigning its incentive model for traders.