The same could not be said about Nifty Gateway. There were reports of hacking and of buyers defaulting on payments for artworks they won on the platform, among other alleged issues. The prolonged downturn in NFT trading volumes brought a wave of closures, with companies like Kraken and Bybit slashing their NFT marketplaces. Nifty Gateway has now entered “withdrawal-only mode,” initially giving users a month to move assets out of their account, then extending that period to three months after backlash. All that's left to say is goodbye and good riddance, Nifty Gateway!