SBINFT Market Review: Should You Use It Before It Closes?

SBINFT Market was an approval-based NFT marketplace. It offered primary sales from content holders, NFT businesses and individual artists, as well as trading between users. Its approval model limited marketplace listings to approved content or sellers; that can help narrow what you encounter, but it is not a guarantee of authenticity, future resale demand or financial value. The marketplace supported public-chain NFTs, with Polygon among the chains mentioned and Japan Open Chain added as a supported network. The current chain and listing availability should be checked before relying on either. The major practical limitation is the announced end of service on June 30, 2026. If you are considering joining now, first confirm the marketplace is still operating and whether new purchases or listings are being accepted. For existing users, focus on account and NFT access arrangements rather than making new trades.

SBINFT announced a transaction fee increase from 2.5% to 5.0%, effective December 2023. Treat 5% as the announced marketplace transaction fee, not as a complete quote for a trade: network gas can be an additional cost on public blockchains, and the fee treatment for buyers, sellers, refunds or specific collections is not established here. Current terms may also differ, particularly in light of the planned closure. Before approving a transaction, read the fee shown for that specific purchase or sale and check the network fee in your wallet. Do not assume that an NFT can be resold at a price that recovers either cost. If the marketplace is winding down, confirm whether any fees, listing rules or trading features have changed before you proceed.

The approval-based listing model is a relevant screening measure, but it does not replace checking the NFT, issuer and transaction yourself. The marketplace’s custody model, security audits, licensing and record of incidents are not established here, so you should not infer that assets were held in a particular way or that an independent audit covered them. That uncertainty matters more when a service is approaching a shutdown: access to an NFT may depend on account and platform arrangements, while the token itself may exist on a public chain. SBINFT Market was scheduled to close on June 30, 2026. Confirm directly with SBINFT how existing accounts and assets are handled, and do not rely on continued marketplace access after that date. If you cannot confirm a safe way to access your assets, avoid adding funds or buying NFTs until the operator clarifies the process.

SBINFT Market supported public-chain NFTs, including NFTs on Polygon and Japan Open Chain. The available details do not establish which wallets, mobile apps or payment methods were supported, nor do they give current transaction speeds or a step-by-step withdrawal process. Those are practical details to confirm with SBINFT before signing in or moving assets. If you already use the marketplace, identify the network for each NFT and verify that any destination wallet supports that same network and asset standard before attempting a transfer. Never send an NFT to an address solely because it looks familiar; check the destination and network carefully. Because the marketplace was scheduled to end service on June 30, 2026, the usual question of how to start is secondary to confirming whether sign-up and trading remain available and what deadlines apply to existing users.

The planned shutdown makes SBINFT Market a poor choice if you want an ongoing venue for buying and selling NFTs. It also leaves key user questions unresolved here: the operator’s custody arrangements, audit status, licence, current fees, supported wallets and asset-transfer procedure. The 5% announced transaction fee gives you one cost to check, but not the full cost of a trade. If you hold NFTs on the service, confirm the operator’s instructions for account access and asset handling rather than assuming that a marketplace closure automatically moves tokens to your wallet. If the service has already closed, contact SBINFT through its official support channels for the applicable account and asset procedures. Do not make a new deposit or purchase until you have confirmed that trading is open, the fees are clear and you can access your assets after the planned end date.