RATE Group | Cryptocurrency Exchange Gemini Makes Big Bet on Token Collectibles
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Cryptocurrency Exchange Gemini Makes Big Bet on Token Collectibles

20 Nov Cryptocurrency Exchange Gemini Makes Big Bet on Token Collectibles

Posted at 16:51h in Cryptocurrency News by

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New York-based cryptocurrency exchange Gemini has made its first ever acquisition, with the move broadcasting the company’s belief that the tokenized collectibles arena has major upside in the years ahead.

On November 19th, Gemini chief executive officer Tyler Winklevoss revealed the exchange had purchased Nifty Gateway, a startup that had created a platform where users could easily exchange and manage Ethereum-based non-fungible tokens (NFTs), or “nifties.”

The CEO, one of the cryptoeconomy’s most high-profile entrepreneurs along side his twin brother and Gemini co-founder Cameron Winklevoss, noted in the deal’s announcement that Nifty Gateway was appealing in already being compatible with assets from “today’s most popular crypto-games and applications, including CryptoKitties, OpenSea, and Gods Unchained.”

Gemini Nifty

Additionally, the newly acquired platform allows customers to buy on-chain collectibles from such dApps via credit card.

For now, Nifty Gateway’s three employees…

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