{"id":10518,"date":"2023-07-05T04:32:08","date_gmt":"2023-07-05T04:32:08","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10518"},"modified":"2022-05-17T08:45:14","modified_gmt":"2022-05-17T08:45:14","slug":"what-is-nifty-gateway-nft-the-celebrity-nft-network","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nifty-gateway-nft-the-celebrity-nft-network","title":{"rendered":"What is Nifty Gateway? (NFT) The celebrity NFT network"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nifty-gateway-nft-the-celebrity-nft-network\/#what_is_nifty_gateway\" >What is Nifty Gateway?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nifty-gateway-nft-the-celebrity-nft-network\/#how_does_it_work\" >How does it work?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nifty-gateway-nft-the-celebrity-nft-network\/#for_the_buyer\" >For the buyer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nifty-gateway-nft-the-celebrity-nft-network\/#for_the_artistcreator\" >For the artist\/creator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-nifty-gateway-nft-the-celebrity-nft-network\/#so_far_so_interesting_but_is_there_any_disadvantage\" >So far, so interesting. But is there any disadvantage?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>It is a complete reality that<strong>\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-are-nft-tokens-and-how-do-they-work\/\">NFT<\/a>\u00a0have revolutionized art and the concept we have of what art is and how it is traded.\u00a0<\/strong><\/p>\n<p>As a result,\u00a0<strong>major auction houses and concerns about counterfeits and fakes have been resolved by:<\/strong><\/p>\n<ul>\n<li>Decentralized platforms.<\/li>\n<li><a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-smart-contract\/\">Smart contracts<\/a>.<\/li>\n<li><a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/\">Blockchain technology<\/a>.<\/li>\n<\/ul>\n<p>For this reason, we can see a lot of platforms that revolve around digital art such as\u00a0<strong><a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-foundation-nft-the-nft-art-gallery\/\">Foundation<\/a>\u00a0or\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-superrare-nft-the-social-network-of-art\/\">SuperRare<\/a>. In them, you don\u2019t need to be the most recognized artist to earn money with your artwork.\u00a0<\/strong><\/p>\n<p>However, there are projects that are characterized by the fact that, among their ranks, there are very followed NFT artists such as Beeple, Grimes or LOGIK.<\/p>\n<p>So, get ready because\u00a0<strong>today we will meet one of the auction platforms that have big names and collaborations around art: Nifty Gateway.<\/strong><\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_1808755488\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Que-es-Nifty-Gateway-NFT1.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Que-es-Nifty-Gateway-NFT1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Que-es-Nifty-Gateway-NFT1-300x205.jpg 300w\" alt=\"\u00bfQu\u00e9 es Nifty Gateway? (NFT) La red NFT de los famosos\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Que-es-Nifty-Gateway-NFT1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Que-es-Nifty-Gateway-NFT1-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Que-es-Nifty-Gateway-NFT1.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"what_is_nifty_gateway\"><\/span>What is Nifty Gateway?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p><strong>Nifty Gateway is a\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-blockchain-and-how-does-it-work\/\">blockchain<\/a>\u00a0based non fungible token (NFT) digital art auction platform.<\/strong>\u00a0Accordingly, it is characterized by combining cryptocurrency and collectible works of art or music.<\/p>\n<p>However, this is not the only thing, because other NFT collection platforms are distinguished by the same. Certainly,<strong>\u00a0its main advantage is that it has the most coveted collectibles of today.\u00a0<\/strong><\/p>\n<p>From artists such as visual artist\u00a0<strong>Cey Adams, Kenny Schar, Trevor Jones, among others<\/strong>; to popular crypto-game objects such as\u00a0<strong>CryptoKitties.<\/strong><\/p>\n<p><strong>Additionally, famous artists such as Eminen, Calvin Harris and Emil Nava\u00a0<\/strong>have their own NFTs related to awards, shows, songs, etcetera.<\/p>\n<p>But wait, it doesn\u2019t end here. Other popular DJs and musicians like\u00a0<strong>Deadmau, Carl Cox, Ozuna or Lil Yachty<\/strong>\u00a0have achieved sales of thousands of dollars.<\/p>\n<p>Likewise, the contributions of distinguished sportsmen such as the soccer player\u00a0<strong>Mesut Ozil<\/strong>\u00a0are very famous.<\/p>\n<p>Undoubtedly, several celebrities, musicians and athletes have deeply believed in this project and have generated digital assets of great commercial value.<\/p>\n<p>In addition, Google and Facebook API features have been included to make it more interactive.<\/p>\n<p>As for its foundation, it was created by Duncan and Griffin Cock Foster in 2018.<strong>\u00a0It was subsequently acquired by the Winklevoss twins.<\/strong><\/p>\n<p>Finally, in March 2021, it entered into\u00a0<strong>a partnership with Sotheby\u2019s auction house<\/strong>\u00a0in the United Kingdom.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_it_work\"><\/span>How does it work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h3><span class=\"ez-toc-section\" id=\"for_the_buyer\"><\/span><b>For the buyer<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>First, you will need to register and enter the type of funds in your account. Here you have two options to pay:<\/p>\n<ul>\n<li>\n<ul>\n<li>Credit\/debit cards.<\/li>\n<li><a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-ethereum-eth-and-how-does-it-work\/\">Ethereum<\/a>\u00a0prepaid balance.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Once you finish this process, you can browse through the section you want to buy.\u00a0<strong>If you find a product you like, you can click on \u201cmake an offer\u201d.\u00a0<\/strong><\/p>\n<p>Regarding purchase methods, they vary between:<\/p>\n<ul>\n<li>\n<ul>\n<li><strong>Silent Auction:<\/strong>\u00a0Collectors\u00a0<strong>place a blind bid and wait to see if their bid was the winning bid.\u00a0<\/strong><\/li>\n<li><strong>Raffle:\u00a0<\/strong><strong>It works like a raffle or lottery, in which the winner buys the NFT of his choice for some price.\u00a0<\/strong>This has been introduced to prevent artificial intelligences from getting the best pieces.<\/li>\n<li><strong>Open edition:For a period of 5 to 15 minutes, an unlimited number of NFT will be available<\/strong>\u00a0on a piece you are interested in, which may be thousands or just one or two.<\/li>\n<li><strong>Global offer:\u00a0<\/strong>You can submit an offer on an artwork, which will be notified to the creators.\u00a0<strong>If they agree to your price, you will be able to purchase it.\u00a0<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Next, you will be asked for your card details and voila, you will have your NFT.\u00a0<\/strong>Now, you may be wondering, how do I display it?<\/p>\n<p>Nifty Gateway has introduced a new viewing application where\u00a0<strong>you can watch your NFT from various Android devices.\u00a0<\/strong><\/p>\n<h3><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"for_the_artistcreator\"><\/span><b>For the artist\/creator<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To sell your own artwork,<strong>\u00a0you can apply through a website,<\/strong>\u00a0where you must submit a completed questionnaire and go through an interview.<\/p>\n<p><strong>If you are accepted and sell, the Nifty Gateway platform will take 5% of the sale price in fees and taxes,\u00a0<\/strong>plus 30 cents to cover the transaction.<\/p>\n<p>Likewise,\u00a0<strong>if a secondary sale is made through the market place, 10% of the sale price goes to the original artist.<\/strong><\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_1746678007\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Que-es-Nifty-Gateway-NFT.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Que-es-Nifty-Gateway-NFT.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Que-es-Nifty-Gateway-NFT-300x205.jpg 300w\" alt=\"\u00bfQu\u00e9 es Nifty Gateway? (NFT) La red NFT de los famosos\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Que-es-Nifty-Gateway-NFT.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Que-es-Nifty-Gateway-NFT-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/07\/Que-es-Nifty-Gateway-NFT.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h3><span class=\"ez-toc-section\" id=\"so_far_so_interesting_but_is_there_any_disadvantage\"><\/span>So far, so interesting. But is there any disadvantage?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>The answer is that, like everything else,<strong>\u00a0the Nifty Gateway platform has its weaknesses<\/strong>. Among them, we can highlight:<\/p>\n<ul>\n<li><strong>Transaction fees are not completely transparent,<\/strong>\u00a0so gas fees can add up quickly.<\/li>\n<li><strong>There are many records of \u201cNFT heists\u201d and hacks of Nifty Gateway accounts.\u00a0<\/strong>Thus, it is a platform that has been in the news because several accounts were hacked with thousands of dollars worth of artwork stolen.<\/li>\n<li><strong>Bank account payment withdrawals are only available for U.S. banks.<\/strong><\/li>\n<\/ul>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p><strong>How cool that you made it this far, Picassonauta!\u00a0<\/strong><\/p>\n<p>We hope it has been very useful for you to learn a little more about another of the most used platforms in digital art.<\/p>\n<p><strong>Of course, about digital art, NFTs and cryptos, there is always a lot to know and say.<\/strong><\/p>\n<p>So don\u2019t miss any news with us!<\/p>\n<p><strong>From the beautiful community of Bitnovo,\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/\">we bring you weekly quality information<\/a><\/strong>\u00a0to make your purchases safely and responsibly.<\/p>\n<p>That is,\u00a0<strong>in a faster time than Van Gogh would take to paint his starry night.\u00a0<\/strong><\/p>\n<p>For the time being, we\u2019ll see you in another pintufantastic adventure, see you next time!<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>It is a complete reality that\u00a0NFT\u00a0have revolutionized art and the concept we have of what art is and how it is traded.\u00a0 As a result,\u00a0major auction houses and concerns about counterfeits and fakes have been resolved by: Decentralized platforms. Smart contracts. Blockchain technology. For this reason, we can see a lot of platforms that revolve [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-10518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10518"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7688"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}