Leading Cardano NFT Marketplace JPG Store Announces Shutdown

BeInCrypto2026/04/23 21:45

By:BeInCrypto

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JPG Store, the leading Cardano (ADA) NFT marketplace, announced it will permanently shut down on May 23, 2026, alongside its Comet platform. The team cited operational unsustainability as the reason for the closure. JPG Store has served the Cardano ecosystem since 2021, facilitating NFT trading for thousands of users. What JPG Store Users Need to Know The shutdown will proceed in two phases. A restriction mode began on April 23, disabling new listings, offers, loans, and minting. Users can still buy existing listings, cancel active orders, and repay loans during this period. On May 23, the website will redirect to a shutdown notice page. All marketplace functionality will then cease. After serving the Cardano ecosystem since 2021 and sharing an incredible journey with thousands along the way, weve reached a point where the JPG Store Comet platforms have to be sunset. While we deeply value the people who have supported us, the platforms have reached a jpg.store (@jpgstoreNFT) April 23, 2026 Users with NFTs in self-custody wallets do not need to take any action. Their assets remain fully accessible through other platforms that aggregate JPG Store smart contracts or through the Cardano CLI. However, those using social login wallets must migrate their assets to standard Web3 wallets such as Lace, Eternl, or Flint within the 30-day window. Users with active listings, pending offers, or open loans should cancel or settle those positions before the deadline. Assets left in smart contracts after the shutdown will still exist on-chain. However, recovering them will require technical knowledge or third-party tools. Another NFT Marketplace Falls JPG Stores closure adds to a growing list of NFT marketplace shutdowns in recent months. Nifty Gateway, owned by Gemini, shut down in February 2026. Immutable also wound down its marketplace amid declining trading volumes across the sector. The team shared open-source contract repositories and smart contract addresses to support ongoing community development on Cardano. While we deeply value the people who have supported us, the platforms have reached a stage where they are no longer sustainable to operate, wrote JPG Store in the post.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget•2026/09/21 06:38