Organizers cite severe market downturn as NFT capitalization falls nearly 70% year over year
NFT Paris and RWA Paris have canceled their 2026 conferences, pointing to prolonged weakness in the nonfungible token market. The decision reflects broader structural challenges across the NFT ecosystem as falling valuations and reduced activity strain event organizers, platforms, and creators alike.
Conference Cancellations Reflect Market Pressure
The events, originally scheduled for February in Paris, were called off with roughly one month’s notice. Organizers stated that “the market collapse hit us hard”, adding that despite significant cost reductions and months of effort, the conferences were no longer financially viable this year. While future events were not explicitly ruled out, the message suggested a pause rather than a short delay.
Ticket holders were told they would receive refunds within 15 days, though some sponsors indicated they would not be refunded, highlighting the financial stress across the sector.
NFT Market Capitalization Sees Sharp Decline
The cancellations follow a steep downturn in NFT markets. Total NFT market capitalization fell from around $9 billion in January 2025 to just over $2.7 billion in early 2026, representing a 68% year-over-year decline. Monthly NFT sales also weakened significantly, dropping to roughly $320 million in November 2025 and falling further in December.
Major platforms have responded by rethinking their models. Leading NFT marketplaces are pivoting toward broader digital asset trading or alternative technologies, signaling that the speculative NFT boom has given way to a more uncertain, utility-focused phase.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.