BlockBeats News, January 7th, Funkari team member Neks posted that "NFT Paris announced the cancellation of the 2026 NFT Paris and RWA Paris events, which have been held annually since 2022. The reason is depletion of funds, with organizational costs exceeding sponsorship and ticket revenue. Ticket purchasers have pledged refunds within two weeks.
Below the announcement, sponsor @serc1n shared an email they received: “According to our agreement, clause 12, the non-refundable costs related to the event exceeded the total sponsorship received, so we are unable to provide a refund.” Another sponsor, Kais, founder of Okay Bears, also confirmed receiving the same message.
Sponsors paid to gain exposure at the event. Most aims were to make a profit, sell products, acquire users, or enhance brand awareness. Now that the event is canceled, the sponsorship fees are gone. NFT Paris listed 61 sponsors for 2026. It is estimated that sponsors paid over 500,000 euros in total. One more detail: it is heard that the core team operating NFT Paris for the past three years left shortly before this incident. If true, this is purely criminal behavior."
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
