NFT marketplace Nifty Gateway announced they will be launching a new wallet-to-wallet trading feature to Buy and Sell NFTs directly from the user’s Ethereum wallet, which allegedly will allow saving “up to 75% on gas fees compared to other platforms.”
The digital art platform claimed to have been working on making the non-fungible tokens trading experience into something “easier for anyone” interested in collecting NFTs, as Ethereum gas fees are a known problem that might keep some users away.
Nifty Gateway says that “Paying for gas is a huge burden to not only new people joining in the space but for veterans of the space as a whole. ” They intend “to help remove the friction” between new users and their first NFT or experienced users and the value of their collection. The new wallet feature is set to launch in January 2022.
Ethereum defines gas as “a unit value that quantifies the work Ethereum does”. Is a fee charged for transactions on its blockchain and the amount of gas varies for each transaction depending on its complexity. Nifty Gateway Illustrated the case for NFT buyers:
For example, let’s say that you’re trying to buy an NFT at a set price of .01 Ξ … the price could potentially become close to DOUBLE the amount you were expecting to pay. This unfortunately is the current state and experience of buying an NFT and it ultimately discourages people from being more active collectors.
Related Reading | Ethereum Founder Puts Forward New Fix For High Gas Fees
Nifty Gateway Upcoming NFT Event
The non-fungible tokens platform also released a “Gas Savings Calculator” where users can connect their Metamask address to see an approximation of how much they “would have saved” by using the new wallet-to-wallet feature.
Furthermore, they are also preparing for a new event after the August Secondary Summer Slam, which rewarded the top 150 spenders on Nifty Gateway’s secondary market, and the platform’s fees were rebated. The new event is called WAGMI Winter Wham and will work in conjunction with the gas-saving feature.
#WAGMIWW is a follow up to the highly successful Secondary Summer Slam event we held in August 2021 and will feature a ton of amazing collector rewards for people who participate.
As Nifty Gateway was preparing to announce the new service, the platform saw an auction sell around 250,000 NFTs by the anonymous artist Pak for a total of $91.8 million, which he allegedly called “the largest ever art sale by a living creator” and was overjoyed “it happened on a web3 platform”.
26,000 collectors participated in the sale, which featured an art project called ‘The Merge’ that had a built-in scarcity mechanism and was set to defy traditional ways artworks are sold.
Related Reading | Eminem Releases Beat-Inspired NFTs In Partnership With Gemini’s Nifty Gateway
116329 239812Thanks for taking the time to discuss this subject. I genuinely appreciate it. Ill stick a link of this entry in my blog. 388708
cialis kaufen generika tadalafil generika viagra 100mg generika
accutane 10mg tablet buy isotretinoin 20mg pill ivermectin 0.5 lotion
buy modafinil 100mg for sale Cialis pharmacy diamox for sale online
doxycycline 200mg over the counter lasix 100mg over the counter buy lasix 40mg sale
You really make it seem really easy with your presentation however I to find this matter to be actually one thing that I think I would by no means understand. It kind of feels too complicated and extremely wide for me. I’m taking a look ahead for your subsequent submit, I will try to get the grasp of it!
Thanks for every other informative site. The place else may I get that kind of information written in such an ideal means? I’ve a challenge that I’m just now operating on, and I’ve been on the look out for such information.
I’m not that much of a online reader to be honest but your sites really nice, keep it up! I’ll go ahead and bookmark your website to come back later. All the best
757012 117006hello I was really impressed with the setup you used with this weblog. I use blogs my self so congrats. definatly adding to favorites. 78050
Rattling good info can be found on website. “You don’t get harmony when everybody sings the same note.” by Doug Floyd.
Awsome blog! I am loving it!! Will come back again. I am bookmarking your feeds also
I believe this web site has got some really fantastic information for everyone. “Glory is fleeting, but obscurity is forever.” by Napoleon.
176670 228606Spot on with this write-up, I truly think this web site needs significantly a lot more consideration. Ill probably be once again to read considerably more, thanks for that info. 424446
Hey there, You have done an excellent job. I will definitely digg it and personally suggest to my friends. I am sure they’ll be benefited from this site.
I view something truly special in this site.
I want forgathering useful info, this post has got me even more info! .
I am extremely inspired with your writing talents as neatly as with the format for your blog. Is this a paid subject matter or did you customize it yourself? Anyway keep up the nice quality writing, it’s uncommon to see a nice blog like this one today..
It is really a nice and helpful piece of info. I am happy that you just shared this useful information with us. Please keep us informed like this. Thanks for sharing.
F*ckin’ tremendous things here. I am very glad to see your article. Thank you a lot and i’m taking a look forward to contact you. Will you please drop me a e-mail?
I like this website very much, Its a really nice billet to read and receive information. “What is called genius is the abundance of life and health.” by Henry David Thoreau.
206865 197718Hey, I think your website might be having browser compatibility issues. When I look at your blog site in Chrome, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog! 996794