Despite the market turmoil, Bitcoin billionaires Tyler and Cameron Winklevoss announced the launch of a marketplace for Non-Fungible Tokens (NFTs).
As per the report, Gemini’s Winklevoss twins acquired ‘Nifty Gateway’, a platform for non-fungible tokens (NFTs) back in November 2019. However, the platform, Nifty Gateway was established by ‘Twin brothers Duncan and Griffin Cock Foster’ and the latest announcement notes that they have launched the Nifty marketplace with Gemini infrastructure to enable the dollar exchange feature when people buy Non-Fungible Tokens (NFTs)
The latest report also notes that the website, ‘niftygateway.com is available from Tuesday, allowing consumers to buy and sell digital collectibles from famous artists. With a website in place, renowned artists including Michael Kagan and Lyle Owerko, Singer Pharrell Williams and others will be able to sell the collection of their digital arts. Concerning this idea, Lyle Owerko who is famous for photography and filmmaking said;
“I haven’t done anything like this before, which is all the more reason to do this now,”
Owerko further added that he knew twin brothers for a few years now, noting;
We met socially in New York, through friends…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.”
It was also stated that the deal between him and the twin brothers is mutually beneficial as he would be offering a series of six images via Nifty’s website. The cost mentioned for each image ranges between $200 to $2500. While the idea looks super cool, the platform is yet to ascertain the consumer demand for such digital arts. If you’re active in the crypto market, you might have heard of ‘CryptoKitties’ which was on the hype with its ‘digital breeding cats’ concept.
However, as per Winklevoss duo, the digital collectible market will likely be as big as the ones for art.
What do you think readers, let us know.