Cryptocurrency Exchange Gemini Makes Big Bet on Token Collectibles

Cryptocurrency Exchange Gemini Makes Big Bet on Token Collectibles

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.”