Despite this treaty, Constantinople was
recaptured in an unforeseen manner by
Alexios Strategopoulos on July 25, 1261, without necessitating Genoese assistance. The Treaty of Nymphaeum thus became nearly redundant for the Byzantines, and Michael VIII set about creating a strong
"national" navy of his own. However, as Venice and other
Catholic powers continued to threaten the Byzantine Empire with invasion, the treaty would remain in force, with minor modifications. For Genoa, the treaty had a major impact as it laid the foundations for their commercial empire in the
Near East, especially through the transformation of
Galata (the Genoese suburb in Pera across the
Golden Horn) into
the major commercial hub of the region. However, this would be a direct competition to Venice as this would threaten their trade position within the East as well. In the long run, and especially after the death of Michael VIII, the Byzantine Empire would become a prisoner to the actions of both Genoa and Venice, as the commercial and naval supremacy that it once enjoyed would be usurped by both powers. ==See also==