“The market collapse hit us hard”

Organizers of the non-fungible token (NFT) and real-world assets (RWA) conferences in Paris canceled the events with a month’s notice, citing market forces.

In a Monday post, the event’s X account said NFT Paris and RWA Paris, originally scheduled for February, would not take place as planned in 2026. Although the organizers did not explicitly state that the events would not take place in the future, the message to attendees signaled that they were “closed.”[ing] this chapter” on conferences.

“The market collapse has hit us hard,” the message read. “Despite drastic cost cuts and months of effort to make it work, we couldn’t make it happen this year.”

Some sponsors of the event reported that they would not receive a refund, but NFT Paris indicated that it would refund all tickets purchased within 15 days. Cointelegraph reached out to organizers for details on potential upcoming events but did not receive a response at the time of publication.

Related: NFTs Shifted towards Utility and Culture as Prices Declined in 2025

The NFT market saw a significant slowdown in 2025, with sales falling to around $320 million in November and would be even lower in December. According to data According to CoinGecko, the total NFT market cap was around $2.7 billion as of Monday, representing a 68% year-over-year decline.

NFT marketplace OpenSea has moved to “trade everything”

Open Sea was the market leader in NFTs in April, but CEO Devin Finzer announced in October that the platform would undergo a “transformation, from “NFT marketplace” to “trade everything.” told Cointelegraph at the time that the move would allow OpenSea users to trade “tokens, collectibles, culture, digital and physical.”

X2Y2, another NFT marketplace, said in March that it would stop and switch to AI. The Rarible platform, also an important player in the market, unveiled a new model in September to redistribute tokens to active NFT traders, saying “previous designs […] were not sustainable.