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. The price was not disclosed.
A retail play
“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,” commented Gemini CEO Tyler Winklevoss.
“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. “
Nifty Gateway was founded in 2018 by brothers Duncan and Griffin Cock Foster in San Francisco and currently supports games on the Ethereum blockchain.
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