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JPG Store, widely recognized as a leading NFT marketplace on the Cardano (ADA) blockchain, announced it will permanently shut down operations on May 23, 2026. The closure also includes its Comet platform, marking a significant shift in the Cardano NFT ecosystem. The team said the decision is driven by long-term operational unsustainability, despite years of serving thousands of users since the platform launched in 2021.
The shutdown process will be carried out in phases to give users time to manage their assets. A restriction mode began on April 23, 2026, during which core marketplace functions were disabled. These include new NFT listings, offers, lending, and minting.
During the transition period, users can still purchase existing listings, cancel active transactions, and repay outstanding loans before the final closure date.
On May 23, the JPG Store website will redirect visitors to a shutdown notice page, and all marketplace features will officially cease.
The team said users holding NFTs in self-custody wallets do not need to take immediate action, as their digital assets will remain secure on the blockchain and accessible via other Cardano NFT platforms or through the Cardano CLI.
For users relying on social login wallets, the team said it is important to transfer assets to standard Web3 wallets such as Lace, Eternl, or Flint within the 30-day transition period.
Users with active listings, pending offers, or open loans were advised to resolve or cancel them before the deadline to avoid complications after the shutdown.
The announcement noted that NFTs left in smart contracts will continue to exist on-chain. However, retrieving them after shutdown may require advanced technical expertise or third-party tools.
JPG Store’s shutdown follows a broader trend of NFT marketplace declines, including recent shutdowns of Nifty Gateway and Immutable’s marketplace amid falling trading volumes.
Despite the closure, JPG Store said it has released open-source smart contract repositories intended to support ongoing innovation within the Cardano ecosystem.
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