Nifty Gateway pledges permanent NFT hosting

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Nifty Gateway pledges permanent NFT hosting
Nifty Gateway pledges permanent NFT hosting
Bloomberg
Written by Bloomberg
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Nifty Gateway has pledged permanent hosting of NFT metadata and media as it winds down operations, seeking to protect user assets after the platform shuts.

The Gemini-owned marketplace said most NFTs will remain accessible indefinitely even after closure, addressing concerns from collectors about long-term asset preservation.

For older NFTs whose data is tied to its own servers, the company said it will maintain hosting rather than migrate them off-platform.

In a Tuesday post on X, Nifty Gateway said it plans to move most metadata and media to Arweave, a decentralised blockchain-based storage network designed for permanent archival.

“We will continue to host the metadata indefinitely,”

The company said, referring to a subset of NFTs minted in 2021 or earlier that cannot be migrated.

Nifty Gateway has extended its withdrawal deadline to April 23, giving users a 90-day window to move assets and confirming it is building a bulk withdrawal tool for collectors with multiple NFTs.

Acquired by Gemini in 2019, Nifty Gateway rose to prominence during the 2021 NFT boom but has struggled amid a prolonged downturn in NFT trading volumes.

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