NFT Paris and RWA Paris 2026 Canceled Following Late-2025 Market Downturn

Source: CryptoNewsNet Original Title: NFT Paris and RWA Paris 2026 canceled after late-2025 crypto market crash Original Link:

NFT Paris and RWA Paris 2026 Canceled Following Late-2025 Market Downturn

The organizers of NFT Paris and RWA Paris 2026 have canceled both events, citing intense pressures from the recent crypto market crash. Despite running successfully for four consecutive years—even through the 2022-2023 bear market—the events could not continue this year.

“The market collapse hit us hard. Despite drastic cost cuts and months of trying to make it work, we couldn’t pull it off this year,” the team announced.

Ticket holders will receive refunds, though sponsor reimbursements may be incomplete as the event depleted remaining funds before the cancellation. The loss of one of the sector’s flagship conferences underscores growing challenges within the NFT ecosystem, including failed collections and diminished trading activity.

Current State of NFT Market Activity

While NFT creation continued throughout 2025 and increased the total number of collections, trading activity experienced a significant slowdown. Chain activity remains highly fragmented, with Ethereum maintaining dominance in legacy NFT volumes at $2.74M in recent activity. Other active networks include Solana, Polygon, Cardano, and Immutable.

Cardano and Bitcoin collectibles have experienced variable activity periods tied to specific project popularity. Over the past 30 days, Bitcoin briefly held the position as the most active chain for collectibles. NFT activity on most Layer 2 and newer Layer 1 chains remains negligible, with minimal trading volumes.

NFTs continue to be issued alongside tokens and integrated into games and community initiatives, yet the asset class has largely ceased functioning as a store of value. High-profile auction sales have become rare, marking a fundamental shift in market dynamics.

Top Collections Face Pressure

CryptoPunks, Bored Apes, and Pudgy Penguins remain the three leading NFT collections, though all face significant price floor pressure.

CryptoPunks have experienced a sharp decline, with the floor price dropping to approximately 29 ETH—approaching all-time lows established in 2024. Bored Apes descended to an all-time low floor of 5.52 ETH, while Pudgy Penguins recovered slightly to 5.15 ETH.

In the near term, NFT price floors may experience occasional rallies, and certain high-value sales continue to occur, particularly when NFTs form part of digital treasuries. However, the broader market remains extremely illiquid.

Market Outlook

The cancellation of major industry conferences is viewed as a lagging indicator, as the NFT market bottom may have already been established. Meanwhile, on-chain building and transaction activity continue to expand for emerging collections. Despite some projects collapsing entirely, NFTs may experience a resurgence in alternative forms.