Return to blog home

Blog home


INDUSTRY

NOV 19, 2019

Gemini Expands into Non-Fungible Tokens (NFTs) with Nifty Gateway™ Acquisition

link
NiftyGateway-Gemini Partnership-Blog Header

Today, we are excited to announce that we have made our first acquisition!

Cryptocurrency is ushering in the future of money — it’s also enabling the future of digital goods and collectibles. As part of our mission to build the future of money, we are building bridges into these new digital economies. To that end, we have purchased Nifty Gateway™, a popular platform where you can buy and manage non-fungible tokens (NFTs).

What is an NFT? NFTs — also known as “nifties” — many of which follow the ERC-721 standard for tokens, are cryptographic tokens that represent a unique asset or good on the blockchain. Nifties differ from fungible cryptocurrencies like bitcoin in that each nifty is one-of-a-kind and, therefore, not interchangeable. As a result, nifties are the perfect digital, form factor for crypto-collectibles, crypto-art, and much more.

Why Nifties? There are many collectibles in the “real” world such as stamps, baseball cards, Magic: The Gathering cards, and Tamagotchi pets, to name just a few. There are also examples of digital collectibles inside popular online games such as Fortnite, Overwatch, and World of Warcraft, with multi-billion dollar economies emerging as players buy and trade skins, dances, and other in-game items. Over time, we believe that both real world and digital collectibles will migrate onto blockchains in the form of nifties.

Why Nifty Gateway? Nifty Gateway provides a simple and easy way to buy nifties with your credit or debit card. Founded by twin brothers Duncan Cock Foster and Griffin Cock Foster, the platform currently facilitates nifty purchases for some of today’s most popular crypto-games and applications, including CryptoKitties, OpenSea, and Gods Unchained. Duncan and Griffin’s passion (quite frankly “obsession”) for nifties, crypto, and building intuitive products made them the perfect fit for the Gemini family. Together, the Nifty Gateway platform can leverage Gemini’s brand of security and trust.

To learn more about Nifty Gateway and buy nifties click here.

Onward and Upward,

Tyler Winklevoss, CEO

RELATED ARTICLES

Blog1 0620

WEEKLY MARKET UPDATE

JUN 20, 2024

Bitcoin Price Dip Triggers Nearly Half a Billion in Liquidations, Telecom Giant Enters Bitcoin Mining Space, and SEC Abandons ETH Investigation

06142024 PurposeInvestmentsETF Blog (4)

INSTITUTIONAL

JUN 17, 2024

Gemini Serves As Custodian for Largest Ether Staking ETF in North America

06112024 MONOCHROME Blog 01 (2)

INSTITUTIONAL

JUN 14, 2024

Gemini Has Been Appointed As the Custodian for the Monochrome Bitcoin ETF (Ticker: IBTC)

MORE FROM TYLER WINKLEVOSS

View all

ShardX-Gemini Partnership-Blog Header

INDUSTRY

JUN 09, 2021

Gemini Enhances Speed and Scale of Asset Listings, Transfers, and Usage With Shard X Acquisition

Blog Header - #doge

PRODUCT

MAY 04, 2021

Gemini Now Supports Dogecoin. Much Wow.

Blog Header - #mastercard

INDUSTRY

APR 27, 2021

Gemini Credit Card to Launch With Mastercard as Network Partner

A simple, secure way to buy and sell cryptocurrency

Trade bitcoin and other cryptos in 3 minutes.