Nifty Gateway Closure Highlights NFT Storage Challenges

Nifty Gateway, the NFT marketplace owned by Gemini, has announced its closure as the parent company shifts focus to its core financial application. The shutdown has raised concerns regarding the long-term accessibility of digital assets, as the token, the artwork, and the hosting platform often operate independently. As marketplaces exit the industry, collectors face the reality that ownership requires active management of file storage and hosting, challenging the initial assumption that NFT ownership was a permanent, self-sustaining technological breakthrough.