Odaily Planet News: Neks posted on the X platform stating that the official account of NFT Paris announced the cancellation of the event originally scheduled for 2026, citing that the organization costs exceeded the revenue from sponsorships and ticket sales, leading to financial exhaustion. NFT Paris has promised to refund ticket buyers within two weeks, but has refused to refund sponsors.
Sponsor serc1n (@serc1n) and OKB founder kaisisokay (@kaisisokay) confirmed receiving the relevant email, which stated that according to Article 12 of the agreement, the non-refundable fees had exceeded the total amount of sponsorship payments received, making refunds impossible. NFT Paris 2026 listed a total of 61 sponsors, with sponsorship package prices ranging from 5,000 to over 30,000 euros. According to estimates, the total amount paid by sponsors exceeded 500,000 euros. In addition, the core team responsible for operating NFT Paris for three years had recently resigned, just before the incident occurred.