Rodeo becomes 2nd NFT platform to announce closure this week

Market Intelligence Analysis

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Rodeo, an NFT marketplace, has announced its closure, following Nifty Gateway's shutdown earlier this week, indicating a decline in the NFT market.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

NFT marketplace Nifty Gateway announced on Saturday that it was shutting down, and has now been followed by Rodeo, which only launched on iOS last March.

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Full article on CoinTelegraph
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Original article published by CoinTelegraph on January 28, 2026.
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