Cardano’s Biggest NFT Platform JPG Store Is Closing: Here’s Why

JPG Store, Cardano’s top NFT marketplace, is closing by May 23. Here’s what users must do before the shutdown to protect their assets.

JPG Store, the leading NFT marketplace on the Cardano blockchain, is shutting down. 

The platform announced the closure via its official X account. 

Operations will wind down in a phased process, ending May 23, 2026. JPG Store cited sustainability as the core reason behind the decision. The Comet platform, which runs alongside JPG Store, will also close.

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JPG Store NFT Marketplace Shutdown Timeline and Phases

The closure follows a two-phase structure. 

Phase one, called Restriction Mode, began April 23, 2026. During this period, users can no longer create new listings, make new offers, or take out new loans. 

However, existing activity remains manageable. Users can still cancel listings, withdraw offers, and repay active loans.

Phase two marks the complete shutdown on May 23. At that point, the website goes offline entirely. All marketplace functions stop. 

The site redirects to a shutdown notice page. Smart contract interactions through the JPG Store website will no longer be available after that date.

The platform has been serving the Cardano NFT ecosystem since 2021. It emphasized that this shutdown is structured to give users enough time to act.

What Cardano NFT Users Must Do Before May 23

JPG Store urged users with assets in smart contracts to act before the deadline. 

Users with active listings need to cancel them. An NFT listed for sale sits inside a listing smart contract, not directly in the user’s wallet. Canceling the listing returns it to the wallet.

Users who placed offers, whether on single NFTs or entire collections, also need to withdraw them. The ADA tied to those offers stays locked in a smart contract until canceled. 

Similarly, borrowers involved in active loans must repay before their loan deadlines. Lenders should monitor repayment activity closely.

JPG Store clarified that NFTs not currently listed are already safe in user wallets. ADA not tied to offers or loans is also already accessible. Only assets actively inside smart contracts require user action.

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Smart Contracts Remain Active After the JPG Store Closure

One key detail from the announcement is that JPG Store’s smart contracts will continue to exist on-chain. The website shutting down does not erase the blockchain activity. 

Users who miss the deadline can still interact with those contracts. Alternative marketplaces that aggregate JPG Store smart contracts remain an option. Technical users can also use the Cardano CLI to build transactions directly.

That said, JPG Store strongly advised non-technical users to act before May 23. Relying on CLI tools requires a level of technical knowledge most casual users may not have. 

The 30-day window exists precisely to help everyone make a clean exit.

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