⛽Save up to 75% on Gas via Nifty Gateway 'Wallet-to-Wallet' NFT Trades
🟩Gemini Owned NFT marketplace will launch a hybrid, semi-custodial model that it claims can drastically cut Ethereum gas fees on its exchange.
Nifty Gateway is making headlines saying that they will cut GAS fees wallet-to-wallet NFT trades. In addition, according to some rumors, the Gemini-owned NFT Marketplace is making improvements to keep up with OpenSea and take on the Coinbase NFT marketplace that's launching end of the year.
Nifty Gateway improved NFT marketplace will launch a semi-custodial model that should drastically by 75% cut Gas fees and allow collectors and traders to participate in more trades.
With the recent success of Merge by Murat Pak that minted close to 92 Million in less than two days and many emerging creators on the platform, this will surely attract a lot of traders and collectors.
Using existing Nifty Gateway infrastructure, an experience that will allow customers to buy and sell NFTs directly with your Ethereum wallet while spending significantly less (up to 75% less!) on gas fees than you do on other marketplaces. The wallet-to-wallet feature will launch in January 2022.
Gas is the variable cost of transacting on the Ethereum blockchain, where most NFT trading activity occurs. And as the NFT market exploded in demand in 2021, these fees have surged to new highs. To many, the gas fees have made Ethereum NFT sales prohibitively expensive to all but the biggest ETH whales who bet on making back their fees (and then some) by flipping their NFT investments in the future.
"This is a really, really important step for changing people's perception of what Nifty is," said Griffin. "One of the beauties of working in an industry that's so early is there's a huge opportunity to build stuff that really impacts a lot of users. That's what we're hoping this feature will do."
