Winklevoss gemini nifty gateway blockfidel

People can buy NFTs with credit cards and cash out directly to their bank accounts when they sell.

To start, the collectibles exchange is working with mixed martial arts fighter Cris Cyborg and photographer Lyle Owerko, whose patrons include Justin Timberlake, Beyonce and Jay Z.

“I’ve known Tyler and Cameron for a few years now. We met socially in New York, through friends,” Owerko said. “It’s fun to be an early adopter. … It’s like being a painter in the 1880s and seeing a camera for the first time.”

He’ll offer a series of six images through Nifty’s marketplace for $200 to $2,500 each, depending on the image. Some images will have 25 copies available while others only have one NFT.

“I did this of my own volition,” Owerko added when asked if the company paid him for lending his art to this format.


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.”

Founded in 2018 by brothers Duncan and Griffin Cock Foster, Nifty Gateway facilitates nifty purchases for some of today’s most popular crypto-games and applications, including OpenSea, Gods Unchained, and CryptoKitties. With Nifty Gateway, users can purchase NFTs directly with fiat currency using their credit card, like a normal online purchase, making NFTs accessible to anyone.

“Nifties are a fundamentally new type of digital good and are an important tool for ownership as our lives move more and more online,” said Duncan Cock Foster, co-founder of Nifty Gateway.

Blockchains can enable gamers to buy and trade interoperable digital collectibles such as skins, dances, and in-game items, helping further fuel a $50 billion-plus annual market1 for virtual goods.

“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,” said Tyler Winklevoss, CEO of Gemini. “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.

Whether we’re creating educational opportunities, tailoring secure-development technologies, advising on a new product design, or leading a detailed code review, the Nifty Gateway Security team is focused on supporting our engineers as early-and-often as possible so that security “first principles” are integrated and verified at every stage of the development lifecycle. Success for our team is measured through a maturity model, tracking our growth as a program with capabilities that increase engineer velocity and ever-improving security.

Responsibilities:

  • Support engineers across the SDL, including design reviews, threat modeling, and code audits
  • Collaborate with engineering teams to educate and assist them in mitigating vulnerabilities applicable to Nifty Gateway’s platform.

In addition to having a variety of launch options, artists who use Nifty Gateway receive a percentage of every sale of their work on its secondary market; the platform says it lets artists choose the amount, and a creator said it’s generally about 10%. Nifty Gateway said it takes a small cut from original and secondary sales.

And the platform has a reputation for featuring the best of the best digital creators. The top artists, the Cock Fosters say, are the ones who tell stories, audibly or visually; meaning or thought behind a collectible will make it more desirable and valuable and increase its longevity.

But the NFT movement would have happened regardless of whether or not pandemic happened.”

What makes a million-dollar NFT?

With backing from Gemini, the Cock Foster brothers are on a mission to get 1 billion people collecting NFTs. Getting the right pieces is a major part of this. Nifty Gateway has a team devoted to artist curation that works with top designers and auction houses to organize drops exclusively on the platform.

In addition to housing most of Beeple’s drops, Nifty Gateway has partnered with top artists like Kygo, Zedd, Mad Dog Jones, and Kenny Scharf.

“At first we spent a lot of effort convincing artists to participate in the drops,” Duncan said. “But since the platform has grown, I think it sort of flipped.

Empower the Individual Through Crypto

Gemini is a crypto exchange and custodian that allows customers to buy, sell, store, and earn more than 30 cryptocurrencies like bitcoin, bitcoin cash, ether, litecoin, and Zcash. Gemini is a New York trust company that is subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the New York State Department of Financial Services and the New York Banking Law. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss to empower the individual through crypto.

Crypto is about giving you greater choice, independence, and opportunity.
We are here to help you on your journey. We build crypto products that are simple, elegant, and secure.

The similarities among the four — two pairs of identical twin brothers working in the crypto space — weren’t lost on the Cock Fosters. It helped that both sets of twins had a belief in the potential of the NFT space.

After the Gemini acquisition, Nifty Gateway was armed with the blockchain technology to become a bona fide marketplace for artists to mint and sell their work. The platform launched in March 2020, shortly before New York and much of the US went into lockdowns.
Throughout 2020, digital collecting gained momentum. With a new and timely product in hand, the Cock Fosters went from tech bros to digital-art dealers essentially overnight.

“I think the pandemic was sort of an accelerant,” Duncan said of the recent explosive success of NFTs and the digital-goods space.

There’s been plenty of activity around making dapp activity easier in 2019 and the trend show no signs of stopping with the news Nifty Gateway has been acquired by the Winklevoss twins’ company Gemini.

Nifty Gateway’s mission is to enable users to simply purchase NFTs priced in US dollars and using credit cards.

In that regard, gaining access to Gemini’s expertise in handling digital assets in a secure manner will be an obvious advantage.

The deal is Gemini’s first such acquisition, although the Winklevosses were also involved in simple blockchain wallet Bitski’s recent $3.5 million investment round.

Nifty Gateway will remain a separate entity operating within the Gemini family.

Empower the Individual Through Crypto

Gemini is a crypto exchange and custodian that allows customers to buy, sell, store, and earn more than 30 cryptocurrencies like bitcoin, bitcoin cash, ether, litecoin, and Zcash. Gemini is a New York trust company that is subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the New York State Department of Financial Services and the New York Banking Law. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss to empower the individual through crypto.

Crypto is about giving you greater choice, independence, and opportunity.
We are here to help you on your journey. We build crypto products that are simple, elegant, and secure.

But its origins can be traced back to 2018, when its founders, Duncan and Griffin Cock Foster, now 26 — who also happen to be identical twin brothers — launched a product to facilitate credit-card payments for NFTs.

At its inception, Nifty was meant to help more people purchase NFTs without having to use cryptocurrency. The Cock Fosters’ interest in the cryptocurrency space began during the 2017 boom of CryptoKitties, a popular blockchain game that marked one of the earliest mainstream appearances of NFTs.

“We said where there’s smoke, there’s fire,” Griffin told Insider. “It showed that the technology really mattered.”

After a few months of success with the initial product, Nifty Gateway attracted the attention of the Winklevoss twins, who made billions from bitcoin after losing a legal battle with Mark Zuckerberg over Facebook’s origins.

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.”

Nifty Gateway also gives decentralized application (dApp) and game developers a powerful and intuitive suite of tools that simplifies the process of selling nifties. For dApps and games leveraging Nifty Gateway, NFTs are priced in U.S.

dollars. This significantly lowers the barrier to entry for interested users because they don’t need to own cryptocurrency to acquire and use NFTs and their associated unique digital assets.

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