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INDUSTRY

MAY 07, 2021

Nifty Gateway Sales Surpass $300M in Gross Merchandise Value

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Following a remarkable year for Nifty Gateway, and the NFT space as a whole, we are delighted to announce that we’ve surpassed $300 million in gross merchandise value.

In March 2020, we launched Nifty Gateway with a motto: we believe NFTs are the future, and we will not rest until 1 billion people are collecting NFTs. Looking back, we are more confident than ever that non-fungible tokens or NFTs (“nifties”) have ushered in a new paradigm in art, gaming, collectibles, and music and we are thrilled to play a central role in bringing these unique digital assets to the world.

Nifties have officially arrived. In just the past few months, they have gone from a hobby for crypto enthusiasts and a small group of art collectors to a global phenomenon. Even Christie’s and Sotheby’s, among the oldest, most esteemed auction houses in the world have embraced nifties. In April, we worked exclusively with Sotheby’s to host their first nifty drop in collaboration with digital creator Pak, which realized $17 million in sales.

We are committed to ensuring only the highest quality nifties are delivered to our customers on Nifty Gateway. We take great care in partnering with digital artists, helping them to curate, develop, and drop collections that add greater dimension and impact to the broader nifty space. We believe these artists are producing work that belongs in the canon of art history.

We are humbled and grateful to the artists who chose our platform to sell their works, the collectors who have supported this new and exciting medium, and all nifty enthusiasts out there who have made these past year possible.

We are steadily marching forward and will not rest until 1 billion people are collecting nifties. Join us on this magical journey.

Onward and Upward!

Duncan and Griffin Cock Foster
Nifty Gateway Co-Founders

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