Overview
Nifty Gateway was founded in 2018 and the project was originally designed to help young artists have more opportunities and greater choices, while also embracing blockchain technology’s potential. The platform was bought by Gemini, a popular cryptocurrency exchange, in 2020, which enhances Nifty Gateway's security credentials.
Blockchains
Categories
Supported Languages
Pros & Cons
- High-profile creators
- Fiat payments
- Exclusive drops
- Can be expensive
- Hacked before
- Mobile app only for display
Full Review
Nifty Gateway was founded in 2018 and the project was originally designed to help young artists have more opportunities and greater choices, while also embracing blockchain technology’s potential.
Nifty Gateway is a well-established art NFT marketplace and partners with artists and brands to produce limited-edition digital art collections.It sells high-quality unique items from popular artists, often through auctions. Called "nifties". The Nifty Gateway platform is used by artists including Deadmau5, Grimes, and Lil Yachty. These figures often take part in “drops,” which provide exclusive access to the artists' work. The platform seeks to position itself as an elite market for non-fungible tokens (NFT). Nifty Gateway offers a more curated selection of products than many other marketplaces.
Nifty Gateway is a marketplace for collectors to browse for high-quality digital goods. It may not be the best place for creators who are just starting out in the space, since its approval process can be strict. Rarible and OpenSea might be better starting points for new creators or artists.
The platform was bought by Gemini, a popular cryptocurrency exchange, in 2020, which enhances Nifty Gateway's security credentials.
What cryptocurrencies are accepted on Nifty Gateway NFT?
Nifty Gateway only supports the Ethereum blockchain and you need ETH to buy and trade NFTs. The platform allows you to buy through your Gemini account.
Nifty Gateway accepts debit and credit cards if you're based in the US.
NFTs categories available on Nifty Gateway
Nifty is committed to providing a platform for artists and brands. It is an exclusive site for serious buyers in the crypto art community.
Nifty Gateway app
Nifty Gateway has an app for Android and IOS devices, available on the Google Play and App store, and it's free to download.
The app is designed for displaying only the NFTs you have purchased. Many users report issues with signing in, displaying large NFTs, long buffering times and other general technical problems.
Nifty Gateway fees
Nifty Gateway makes most of its money by charging a royalty on every sale, including resales. It takes 5% plus 30 cents of every sale on the site, which is twice as much as OpenSea.
Nifty Gateway security
In March 2021, hackers breached multiple accounts and stole NFTs they had previously bought with users' funds. While the stolen cash was recovered, there was no way to recover the sold NFTs.
Nifty Gateway claims that users were not fully utilizing two-factor authorization and that new security measures have been implemented since the hack.
Bottom line
Nifty Gateway is a high-end NFT marketplace that gives its users the opportunity to purchase exclusive virtual items. The platform resembles an art auction, with items handpicked by the website’s representatives. It features famous and celebrity collections, putting it's NFT on the more expensive side.
Nifty Gateway is owned by the Gemini Exchange, so when you sign up for an account on Nifty, it's easy to link your existing Gemini account to pay for NFTs on the marketplace.