JPG Store<\/b>, one of the largest NFT marketplaces on Cardano, will officially <\/span>close on May 23<\/b>, 2026, after the operating team confirmed the platform is \u201cno longer sustainable to continue operations.\u201d This decision directly affects users who have <\/span>NFTs<\/b> or <\/span>ADA locked <\/b>in the platform\u2019s smart contracts. While assets will not disappear from the blockchain, the shutdown of JPG Store could make it more difficult for users to access and manage their assets if not handled before the deadline.<\/span><\/p>\n According to the official announcement, JPG Store will close in two phases, starting <\/span>April 23<\/b> with \u201cRestriction Mode\u201d before completing the full shutdown on <\/span>May 23<\/b>. During the first phase, the platform has ceased allowing new activities such as listing, making offers, minting, or creating loans. However, users can still manage existing positions, including purchasing old listings (existing listings remain tradable), accepting offers, repaying loans, or withdrawing assets from smart contracts, per the <\/span>announcement on X<\/span><\/a>.<\/span><\/p>\n After the May 23 milestone, all marketplace functions will be disabled. The website jpg.store will only display a closure notice and will no longer support interaction with smart contracts via the user interface. Nevertheless, the underlying smart contracts will continue to exist on the blockchain, allowing access through other platforms.<\/span><\/p>\n According to JPG Store\u2019s official <\/span>shutdown documentation<\/span><\/a>, the platform has \u201creached a stage where it is no longer sustainable to operate,\u201d though no specific details regarding the cause were provided. JPG Store is also simultaneously discontinuing its accompanying Comet product.<\/span><\/p>\n JPG Store\u2019s closure does not mean users lose their NFTs. In reality, NFTs on Cardano are always stored directly on the blockchain, and control over the assets belongs to the user\u2019s wallet private keys, not the marketplace.<\/span><\/p>\n PG Store only serves as a marketplace that helps users interact with smart contracts. Once the website stops operating, users will no longer be able to directly manage listings, offers, or loans through the familiar interface.<\/span><\/p>\n NFTs that are not listed or not associated with any smart contracts\u2014already sitting in user wallets\u2014require no further action. For assets currently locked in contracts\u2014such as listed NFTs, ADA in offers, or lending-related assets\u2014users must proactively process them before the deadline.<\/span><\/p>\n Additionally, even after JPG Store closes, the smart contracts remain and can be accessed through other platforms or directly using tools like the <\/span>Cardano CLI<\/b>. However, this requires a higher level of technical expertise and is not user-friendly for the general public.<\/span><\/p>\n Before the May 23 deadline, users should perform the following steps if they have open positions in JPG Store smart contracts:<\/span><\/p>\n Furthermore, users must move all assets from<\/span> social login wallets <\/b>(if any) to personal Cardano wallets to avoid losing access after the shutdown. According to an <\/span>article<\/span><\/a> from JPG Store, social login wallets (logging in via Google, email, or similar methods) will no longer be accessible after the platform closes, meaning assets may be unrecoverable if not transferred before the deadline.<\/span><\/p>\n When JPG Store ceases operations, users will continue trading NFTs through <\/span>other marketplaces <\/b>within the Cardano ecosystem. Some active platforms in the Cardano ecosystem include:<\/span><\/p>\n Users can connect their wallets to these platforms to continue trading, provided the NFTs have been withdrawn from JPG Store\u2019s smart contracts. The absence of a platform that once accounted for the majority of activity may make the experience more fragmented, as users will have to track multiple different marketplaces. In the short term, liquidity is likely to be split before stabilizing again.<\/span><\/p>\n Although the JPG Store team did not disclose detailed reasons, the statement \u201cno longer sustainable to operate\u201d suggests pressure from the business model and market liquidity. On-chain data partially reflects this context.<\/span><\/p>\nJPG Store to Shut Down in Two Phases<\/b><\/h2>\n
What Actually Happens to Your NFTs<\/b><\/h2>\n
What You Must Do Before May 23<\/b><\/h2>\n
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Where Cardano NFT Trading Moves Next<\/b><\/h2>\n
Why JPG Store Could No Longer Operate<\/b><\/h2>\n
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