NFT Paris Reportedly Cancels Event but Does Not Refund Sponsor Fees, Involving Over 500,000 Euros

BlockBeats News, January 7th, Funkari team member Neks posted that "NFT Paris announced the cancellation of the 2026 NFT Paris and RWA Paris event, which has been held since 2022. The reason is that funds have run out, organizational costs exceed sponsorship and ticket revenue. Ticket buyers are promised a refund within two weeks.

Below the announcement, sponsor @serc1n shared an email received: "According to Article 12 of our agreement, non-refundable costs associated with the event have exceeded the total sponsorship amount received, so we are unable to provide a refund." Another sponsor, Okay Bears founder Kais, also confirmed receiving the same information.

Sponsors paid to gain exposure opportunities at the event. The main goals were to achieve profitability, sell products, acquire users, or enhance brand visibility. Now that the event has been canceled, sponsorship fees are gone. NFT Paris listed 61 sponsors for 2026. It is estimated that sponsors collectively paid over 500,000 euros. One more detail: it is said that the core team operating NFT Paris for three years left shortly before this incident. If true, this is purely criminal behavior."