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JPG Store and its related Comet platform will permanently close on May 23, 2026, after five years of operation. The marketplace entered “restriction mode” on April 23, disabling listings and offers and limiting activity to cancellations, while users of “social login” wallets are given 30 days to migrate their assets to standard Web3 wallets.
In an announcement that surprised the Cardano (ADA) community, JPG Store—described as the ecosystem’s leading NFT marketplace—confirmed its definitive closure for May 23, 2026. The platform also stated that Comet, another service it operates, will end alongside JPG Store.
The team attributed the decision to “operational unsustainability,” framing it as the end of a significant era for collectors and creators on Cardano.
JPG Store said the shutdown will be carried out in two phases to give users time to manage their positions. The first phase began on Friday, April 23, when the platform entered “restriction mode.” During this period, key functions were disabled, including:
While restriction mode is active, users can still purchase existing listings, cancel active orders, and repay loans.
The second phase is scheduled for May 23, 2026. On that date, the website will permanently redirect to a closure notice page, ceasing all functionality.
Users holding NFTs in self-custody wallets (such as Lace, Eternl, or Flint) were told they do not need to take immediate action. The announcement states that their assets will remain accessible through other platforms that aggregate JPG Store’s smart contracts.
For users using “social login wallets,” the team said the timeline is urgent. Assets must be migrated to a standard Web3 wallet before the May 23 deadline to avoid losing access.
The announcement also emphasized that users with active listings, pending offers, or open loans must cancel or settle those positions before the deadline. While NFTs remaining in smart contracts after closure will still exist on the blockchain, the team warned that recovery would require advanced technical knowledge or third-party tools, creating a significant risk.
As a final step, the JPG Store team shared open-source contract repositories and smart contract addresses. The stated goal is to support continued community development on Cardano by enabling others to build on the foundation established by JPG Store.
“While we deeply value the people who have supported us, the platforms have reached a stage where they are no longer sustainable to operate,” the team wrote, reflecting the challenging landscape facing the NFT market in general.
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