$107,538.00
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-0.70%$157.64
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0.01%$0.187484
-3.82%$0.273753
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-2.93%$0.679637
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0.28%$107,445.00
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0.03%$2,924.76
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0.01%$321.50
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0.01%$4.66
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7.63%$107,633.00
-0.94%$7.87
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-2.03%$301.49
-1.94%$1.18
-0.15%$392.23
-7.03%$53.55
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0.00%$0.096981
-3.09%$190.70
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0.02%$30.84
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0.11%$17.75
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-6.47%$0.740506
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0.07%$0.996902
0.11%$1.59
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0.00%$0.170646
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0.09%$1.00
0.06%$2,867.99
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1.24%$107,637.00
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1.13%$107,268.00
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0.01%$31.11
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0.84%$107,008.00
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1.35%$2,956.14
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9.58%$9.02
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0.61%$1.00
0.01%$1.55
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0.00%$0.543826
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0.71%$2,905.86
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0.01%$0.0044979
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0.01%$1.006
0.49%$0.163443
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35.30%$0.147443
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0.09%$1.005
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2.64%$2,160.36
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-0.01%Reading
Tyler and Cameron Winklevoss, founders of crypto exchange Gemini, yesterday announced they were launching their marketplace for crypto collectibles of artists and brands.
The Winklevoss twins bought the marketplace, called Nifty Gateway—Nifties are another name for crypto collectibles, short-hand for NFT, or non-fungible tokens—in November 2019. It was founded in 2018 by Duncan and Griffin Cock Foster (who are also twin brothers). Its website went live yesterday.
Crypto collectibles are tokenized artworks—each artwork is provably unique, and tokenized artworks can be traded like any other cryptocurrency.
The Winklevoss-led cryptocurrency exchange Gemini today announced its first acquisition: Nifty Gateway, a platform that facilitates the purchase of crypto collectibles, also known as non-fungible tokens (NFTs). NFTs are digital tokens that represent unique crypto assets within blockchain-based games, such CryptoKitties and Gods Unchained. They are not interchangeable and cannot be traded like standard cryptocurrencies. Many of these tokens include skins, weapons and similar collectible items mad...
Upon launch of Nifty Gateway 2.0—the new, Gemini-backed version of the marketplace—are collections from two artists and one athlete: New York-based artist Michael Kagan; Los Angeles artist Lyle Owerko, whose collectors include Beyoncé and Jay Z; and Cris Cyborg, an MMA women’s featherweight world champion, who’s selling paintings of herself, “the must have for any Cris fan.”
I am excited to join the @niftygateway platform and become the first MMA Athlete to offer fans a digital collectible built on Blockchain technology. Click the link below to get your Digital Cyborg Card from the Explore Collection.
👇🏾👇🏾👇🏾https://t.co/TJBY2NyszT pic.twitter.com/LlLuANcT0Q— Grand Slam Champ Cris Cyborg (@criscyborg) March 17, 2020
The platform rivals existing marketplaces for crypto collectibles, like CryptoKitties and OpenSea.
Compared to OpenSea, a marketplace on which any artist can sell crypto collectibles (CryptoKitties only facilitates the sale of its eponymous crypto collectible, digital Tamagotchi-like cats), there are a few key differences.
First, Gemini is focusing on a few artists, rather a crypto collectibles free for all. New “exhibitions” will come out (roughly) every three weeks, on Thursdays. To have art exhibited is to be featured on the front page, or under “exhibitions.”
Second, Gemini handles “all of the difficult technology pieces for you, meaning that selling a Nifty with us is as easy as selling something on Ebay,” according to its site, and the marketplace is backed by Gemini’s security technology.
A graphical artist painted a still of a golden boombox at a live painting workshop in the Los Angeles offices of TikTok last week. Yesterday, he minted a single cryptocurrency token to represent the artwork. Should anyone buy the painting, which is going for 250 ETH ($54,468), they’ll also receive the token as a certificate of authenticity, which contains metadata around the location, size, and materials used. “I'm really trying to create scarcity in my work, so that the people that own one of m...
Third, NFTs are put up for sale in US dollars, rather than cryptocurrency. The art varies in price. Of those with price-tags, a picture of Cris Cyborg goes for $85,000 (it was last sold for $10), and a picture of a Boombox is going for $100 (it last sold for $20, bought by Tommy Kimmelman, a business development specialist at Nifty Gateway and self-described “King of the Nifties”).
It is, of course, possible to save the image on your computer for free. But what would be the fun in that?
Stablecoin issuer Tether has acquired a stake in a gold company as the crypto giant continues to advocate for the safe-haven asset along with Bitcoin, aka "digital gold." The El Salvador-based firm said Thursday that it had bought 78,421,780 common shares of Canada-based Elemental Altus Royalties Corp., a Toronto Stock Exchange-listed gold royalty company, via investment advisor La Mancha Investments S.à.r.l. Tether said it paid $121.5 million Canadian dollars (over $89 million U.S. dollars) for...
Bitcoin miner Bitdeer in May minted 196 BTC, an increase of over 18% from April—the latest monthly gain registered by a publicly traded miner as the industry slowly recovers from headwinds caused by a dip in the leading cryptocurrency's price and rising difficulty. Nasdaq-listed Bitdeer (BTDR) reported Wednesday that it also increased its hashrate to 13.6 exahash per second from 12.4 the previous month, due to new mining machinery. Exahash is a measurement of computational power. Data from Far...
Video game retailer GameStop said on Wednesday that it plans to offer $1.75 billion worth of convertible senior notes to investors, according to a company press release. The notes, which are not expected to bear interest, will mature in 2032, the company said, adding that the offering’s conversion price will be determined at a later date. Convertible notes allow a buyer to convert the debt into common stock under certain conditions. Although GameStop purchased 4,710 Bitcoin last month, the compa...
