JPG Store shuts down May 23 as Cardano votes on $ADA Bitcoin DeFi funding

JPG Store, Cardano's highest-profile NFT marketplace, entered Restriction Mode on April 23 and set a Complete Shutdown date of May 23 — citing operating sustainability. Users have been directed to remove listings, cancel offers, settle loans, and migrate assets to self-custody wallets before access closes permanently.

The timing lands directly on top of a live treasury debate. Input Output's 2026 funding slate includes Pogun, a proposal requesting ₳12.29 million to build a Bitcoin liquidity and credit engine on Cardano — part of a broader nine-proposal package that would require 67% of active delegated voting stake plus Constitutional Committee sign-off to pass.

The juxtaposition is uncomfortable but not contradictory: a marketplace shutting down for sustainability reasons and a treasury bid for new Bitcoin DeFi infrastructure can both be rational responses to the same underlying…