Quoting the team at Nifty Gateway on Medium:
"What is Nifty Gateway 2.0?
Nifty Gateway 2.0 is two things:
First,Nifty Gateway 2.0 is a centralized, USD based exchange for NFTs powered by Gemini custody. In this aspect, it works like any centralized cryptocurrency exchange, such as Gemini or Coinbase. However, until now, no USD based centralized exchange for NFTs has ever existed.
With the Nifty Gateway marketplace, you can put NFTs up sale in USD, and cash out the balance to your bank account when you sell them, with the same user experience you would expect selling something on StockX or eBay...
Second, We will be working with prominent artists and brands to create exclusive collections of nifties that we will drop every 3 weeks or so.... We strongly believe there are a very large number of people who should and will be making NFTS that their audience can collect — they simply don’t understand the technology, and until now their audience had no easy way to access the NFTs they made."
For those of you who missed the news, Nifty Gateway is the marketplace where Grimes and Mac Boucher sold their “WarNymph Collection” for $5.8M, or the humanoid robot Sophia sold "Sophia Instantiation" for $688,888.
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