‘The Market Collapse Hit us Exhausting‘

The organizers behind nonfungible token (NFT) and real-world asset (RWA) conferences in Paris have cancelled the occasions with a month’s discover, citing market forces.

In a Monday submit, the occasion’s X account mentioned NFT Paris and RWA Paris, initially set for February, wouldn’t be occurring as scheduled in 2026. Though the organizers didn’t explicitly say occasions wouldn’t happen sooner or later, the message to attendees signaled that they’re “clos[ing] this chapter” on conferences.

“The market collapse hit us exhausting,” reads the submit. “Regardless of drastic value cuts and months of making an attempt to make it work, we could not pull it off this yr.”

A few of the occasion sponsors reported that they’d not be receiving a refund, however NFT Paris mentioned it might refund all of the tickets bought inside 15 days. Cointelegraph reached out to the organizers for particulars on potential future occasions, however had not acquired a response on the time of publication.

Associated: NFTs shifted to utility and tradition as value pale in 2025

The NFT market skilled a major downturn in 2025, with gross sales falling to about $320 million in November and reportedly even decrease in December. In accordance with knowledge from CoinGecko, the overall NFT market capitalization was about $2.7 billion as of Monday, representing a 68% year-over-year drop.

NFT market OpenSea moved to ‘commerce every thing’

OpenSea was the market chief in NFTs in April, however CEO Devin Finzer introduced in October that the platform would endure a “transformation, from ‘NFT market’ to ‘commerce every thing.’” Finzer informed Cointelegraph on the time that the transfer would enable OpenSea customers to commerce “tokens, collectibles, tradition, digital and bodily.”

X2Y2, one other NFT market, mentioned in March that it might shut down and pivot to AI. The Rarible platform, additionally a major market participant, unveiled a brand new mannequin in September to redistribute tokens to energetic NFT merchants, saying “earlier designs […] weren’t sustainable.”