Question 1

Is Nifty Gateway legit?

Accepted Answer

Nifty Gateway is a recognized NFT trading platform that uses the Ethereum blockchain to create digital artwork. Gemini, a cryptocurrency trading platform that is regulated by the New York State Department of Financial Services, owns it.Nifty Gateway allows users to sell and buy NFTs; however, the NFTs are stored on the platform, not in your wallet. You can move those to your external wallet to improve safety precautions.

Question 2

What are Nifty Gateway fees?

Accepted Answer

Nifty Gateway earns its revenue by charging royalties on a portion of every sale. This includes secondary sales through the marketplace. The platform charges 5% in fees and taxes. This happens only upon a Nifty purchase. There are small transaction fees as well. Nifty Gateway also covers 100% of the gas costs incurred in the minting and production of NFTs.

Question 3

Can anyone sell on Nifty Gateway?

Accepted Answer

Nifty Gateway — unlike OpenSea, which is decentralized and does not require invitations — is only open to invitation-only buyers and sellers of NFTs.

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