NFT market shows mixed signals as Nifty Gateway exits

[cryptoenthusiast]

Nifty Gateway’s shutdown comes even as parts of the NFT market show tentative signs of recovery in early 2026.

Earlier this month, Animoca Brands acquired digital collectibles firm Somo, integrating its playable and tradable assets into Animoca’s broader blockchain ecosystem. The deal was positioned as a strategic expansion of the company’s gaming and NFT portfolio.

At the same time, NFT market capitalization rose about 20% in the first two weeks of 2026, climbing from roughly $2.5 billion to over $3 billion, with trading volumes spiking during a brief rally. Despite the rebound, Nifty Gateway’s exit highlights the ongoing consolidation facing legacy NFT platforms.

[johnblockbuster]

animoca buying somo feels like nft gaming consolidation is real now