‘The market collapsed and hurt us.’
Organizers of the Open Tokens (NFT) and Real-World Assets (RWA) conference in Paris have canceled the events with a month's notice, citing market forces.
In Monday's post, the event X account NFT Paris and RWA Paris will not take place as planned in early February 2026. Although the organizers did not clearly say that future events will not take place, the message sent to the audience indicated that they are “closed”.[ing] This chapter” on conferences.
“The market crash hit us hard,” he wrote. We just couldn't pull it off this year, even though there was a huge cost cut and I tried for months to make it work.
Some of the event's sponsors reported that they would not receive refunds, but NFT Paris said it would refund all tickets purchased within 15 days. Cointelegraph contacted the organizers for details on possible future events, but did not receive a response at the time of publication.
Related: NFTs turn to utility and culture as value fades in 2025
The NFT market was 2025 experienced a significant decline, with sales falling to nearly $320 million in November and a record low in December. According to data from CoinGecko, the total NFT market capitalization was about $2.7 billion as of Monday, representing a year-over-year decline of 68%.
NFT marketplace OpenSea has moved to ‘trade everything'
OpenSea was the market leader in NFTs in April, but CEO Devin Finzer announced in October that the platform would be “transforming from an ‘NFT marketplace' to an ‘everything to trade.'
X2Y2, another NFT marketplace, said it will close in March and turn to AI. The Rarible platform, also a significant market player, announced in September a new model for distributing tokens to active NFT traders, “Previous Designs […] They weren't sustainable.”
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