Binance

Gemini, a New York City-based crypto exchange founded by the Winklevoss twins, has officially made its first acquisition.

According to the recent announcement, Gemini has acquired Nifty Gateway, a platform that enables the purchase and management of non-fungible tokens (NFTs). The acquisition will bring Nifty Gateway under the Gemini banner, enabling the company to leverage Gemini’s established brand.

“Non-fungible tokens and the digital goods (and collectibles) they enable will play a major role in the next era of the digital economy,” said Tyler Winklevoss. “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.”

Nifty Gateway helps increase access to NFTs by connecting directly to blockchain games and collectibles platforms like OpenSea, enabling users to buy directly with a credit card.

The acquisition price has not been disclosed.

More: Gemini Expands into Non-Fungible Tokens (NFTs) with Nifty Gateway Acquisition
Recent: Battle Racers Plans to Migrate Its NFTs to a Matic Network Sidechain

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Bovada

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.