Leading Cardano NFT Marketplace JPG Store Announces Shutdown
JPG Store, the main Cardano (ADA) NFT market, introduced it’s going to completely shut down on May 23, 2026, alongside its Comet platform.
The crew cited operational unsustainability as the rationale for the closure. JPG Store has served the Cardano ecosystem since 2021, facilitating NFT buying and selling for 1000’s of customers.
What JPG Store Users Need to Know
The shutdown will proceed in two phases. A restriction mode started on April 23, disabling new listings, affords, loans, and minting. Users can nonetheless purchase current listings, cancel energetic orders, and repay loans throughout this era.
On May 23, the web site will redirect to a shutdown discover web page. All market performance will then stop.
Users with NFTs in self-custody wallets don’t have to take any motion. Their property stay totally accessible by way of different platforms that mixture JPG Store good contracts or by way of the Cardano CLI.
However, these utilizing social login wallets should migrate their property to straightforward Web3 wallets comparable to Lace, Eternl, or Flint inside the 30-day window.
Users with energetic listings, pending affords, or open loans ought to cancel or settle those positions before the deadline.
Assets left in good contracts after the shutdown will nonetheless exist on-chain. However, recovering them would require technical data or third-party instruments.
Another NFT Marketplace Falls
JPG Store’s closure provides to a rising record of NFT market shutdowns in latest months. Nifty Gateway, owned by Gemini, shut down in February 2026.
Immutable additionally wound down its marketplace amid declining buying and selling volumes throughout the sector.
The crew shared open-source contract repositories and good contract addresses to help ongoing community development on Cardano.
“While we deeply worth the individuals who have supported us, the platforms have reached a stage the place they’re now not sustainable to function,” wrote JPG Store within the submit.
The submit Leading Cardano NFT Marketplace JPG Store Announces Shutdown appeared first on BeInCrypto.
