The Gemini exchange buys the company Nifty — The Cryptonomist
A few hours ago Gemini officially announced that it had purchased Nifty Gateway, a platform for NFT (Non-Fungible Tokens), or the so-called ERC-721 tokens.
This type of token represents a great opportunity for all those applications, especially related to the gaming world, which have assets all different from each other.
“Non-fungible tokens and the digital goods (and collectibles) they enable will play a major role in the next era of the digital economy. They are the perfect form factor for crypto-collectibles, crypto-art, and much more — laying the foundation for entirely new multi-billion dollar industries to emerge. As Gemini continues to build the future of money, we will partner with or acquire companies led by entrepreneurs that share our mission and core values. We’re excited to be working with Nifty Gateway to extend the reach of crypto across other concepts and build a bridge between NFT creators and the growing ranks of everyday consumers looking to purchase them”.
The Nifty Gateway platform allows access to this market of collectable tokens in a simple and intuitive way for the user, relying on direct payments by credit card.
This partnership will allow merging the experience of the NFT company with that of Gemini, which boasts millions of users, and thus facilitate the spread of these NFTs, explained Duncan Cock Foster, co-founder of Nifty Getaway:
“Nifties are a fundamentally new type of digital good and are an important tool for ownership as our lives move more and more online. Gemini’s mission and focus on security and regulation are aligned with our approach to NFTs and digital assets. Working with the market leader in digital asset security is a critical step toward our goal of getting a billion people collecting NFTs.”
Among some projects that we find on the platform, it is impossible not to mention CryptoKitties, the Gods Unchained card game and the videogames developed by Open Sea.
Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: “He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy”. Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.
Originally published at https://en.cryptonomist.ch on November 19, 2019.