NFT Marketplace Collapse: Nifty Gateway, Foundation Lead Wave of Major Platform Shutdowns – Blockonomi
TLDR: NFT trading volumes collapsed from $2.9 billion in 2021 to just $23.8 million by early 2025 quarterly data. Major platforms including Nifty Gateway, Foundation, and MakersPlace announced closures within days in January 2026. Centralized storage systems left 27% of top NFT collections vulnerable to permanent loss after server shutdowns. OpenSea recaptured 67% of Ethereum…