Gemini plans to preserve user NFTs from Nifty Gateway by hosting metadata and media permanently, with most content migrating to Arweave before the April 23 withdrawal deadline.
Gemini announced that its NFT marketplace Nifty Gateway will shut down but pledged to safeguard user NFTs after closure. The company will permanently host token metadata and media, migrating most to Arweave while keeping older NFTs on its servers. Users have until April 23 to withdraw their assets, and Gemini is developing a bulk extraction tool to facilitate the process.