Decentralized Finance (DeFi) has grown enormously in the last few years, accompanied by a steady rise of NFT platforms. Non-Fungible Tokens (NFTs) are non-interchangeable, unique, and valuable representations of assets on a distributed ledger, especially blockchain.
From collectibles to digital artwork, covering in-game valuables and virtual land, NFTs are compatible with diverse asset classes. In this regard, the gradual diversification in the applicability of blockchain technology has played a major role. This highlights how—powered by blockchain technology—DeFi’s growth hasn’t only been in terms of value, but also of innovative potential.
At Airdrop Alert, we aim to bring you the latest updates and information about the blockchain industry. Earlier, we have severally discussed the NFT landscape, but today, let’s focus on a particular platform—Nifty Gateway.
A Brief History
In 2018, the Cock Foster Twins—Duncan and Griffin Marc—founded the Nifty Gateway with the intention of easing their transactions. The idea was promising, but the platform didn’t acquire a shape then, as it does today.
The next year, in 2019, the platform caught the attention of the Winklevoss twins—Tyler and Cameron—who had earlier founded Gemini. Apart from being a leading cryptocurrency exchange platform, Gemini excels in cutting-edge security technologies.
The Winklevoss brothers first came into the limelight when they sued Mark Zuckerberg—their fellow from Harvard—over the founding of Facebook. Claiming the original idea to be theirs, the twins won the lawsuit but couldn’t find much favor at Silicon Valley. At this time they began investing in bitcoin, which catapulted them to become billionaires over the next few years.
Nifty Gateway: The Premier Marketplace for Nifties
Nifty Gateway is a comprehensive marketplace and trading platform for NFTs, built on the Ethereum blockchain. On this platform, NFTs are called Nifties and they include digital art, collectibles, and more.
By being compatible with wide-ranging payment methods, the Nifty Gateway gains a competitive edge over its peers in DeFi. Those having an Ethereum wallet can make payments in ETH. But even if you don’t have one, you can purchase nifties using your Debit/Credit Card. As a seller, you’ll have the option to directly transfer proceeds to your bank account.
Now, there are four ways you can buy nifties on Nifty Gateway. First, you can place a blind bid at an Open Silent Auction—the highest bidder eventually wins the auctioned NFT. Second, there’s Drawing, which are raffles where you can get NFTs of your choice at a fixed price. Third, you can purchase an Open Edition NFT that is available for a limited time period. Fourth, there’s Global Offer, whereby you can submit a rate for a given piece, subject to its acceptance by the seller.
Sales on Nifty Gateway: The Biggest & Boldest
As a matter of policy, Nifty Gateway follows strict standards for quality, creativity, aesthetics, and rarity. The platform lists only the best of artists and creators, not just anybody. Over the years, stalwarts like Beeple, Trevor Jones, and Pak have gotten closely associated with Nifty Gateway.
Beeple’s Crossroads, designed in response to the 2020 US Presidential Election, sold for a whopping $6.6 million. Trevor Jones, who sold his Picasso’s Bull at $55,555 in 2020, has sold his Bitcoin Angel for $3.2 million in February 2021. But Nifty Gateway is not just about big names, but also budding artists with promise in their work. FEWOCiOUS is one such artist, whose artwork sold for $550,000 in March 2021.
Presently, in April 2021, much action is lined up on Nifty Gateway. The Weeknd, a Canadian singer-songwriter, is charted to launch an NFT that grants exclusive access to his music. Stage Loop Studios features in this launch as the creator of the accompanying artwork. Furthermore, Nifty Gateway is collaborating with Sotheby’s for their first-ever NFT auction featuring Pak.
A Final Word
Drawing strength from platforms like Nifty Gateway, NFTs are treading steadily on an upward trajectory. The sector is growing on all fronts—value, popularity, scope, and relevance. As a witness to such a world-changing phenomenon, it’s only that natural that you wish to keep pace. Participation is most likely to be highly profitable, especially in the longer run.
Purchasing NFTs is one way of getting on the bandwagon, but that is not all. In fact, you can very well get in for free by participating in airdrops. They are great, but usually happen in a time-bound manner and you need to stay updated. You might think they are not worth much, but don’t forget the famous Crypto Punks were also airdropped.
To this end, we bring all the latest updates to you, all in one place. By following our website, you catch all the airdrops and never miss opportunities for getting NFTs.