Winklevoss NFT Nifty Gateway Could Hit $1.2 Billion In Value

The Winklevoss NFT Nifty Gateway that the twins purchased in 2019, could hit $1.2 billion in value this year according to the data by Messari. We have seen that the NFT market is booming and creating a lot of winners but the Nifty Gateway marketplace could be the biggest winner of them all so let’s read more in today’s crypto news.

Messari, the well-known crypto data company, released a new report on the NFT market which shows that the Winklevoss NFT Nifty Gateway is worth between $774 million to $1.2 billion. NFT platform Nifty Gateway purchased by Cameron and Tyler Winklevoss in 2019, could hit this amazing value according to the new report from Messari. The report is a part of a broad overview of the market which was heating up in the past few weeks thanks to the huge sales like Kings of Leon, Beeple, and Grimes.

NFTs are digital collectibles on the blockchain and they are a handy mechanism for assigning ownerships for animations and digital images while the NBA launched a dedicated NFT platform dubbed Top Shots and Taco Bell launched a collection of taco-themed crypto art. NFTs were around for years but exploded in popularity in recent months. The sales volume increased 29x In February alone and the Winklevoss-owned Nifty Gateway remains the biggest platform of them all.

Messari believes that it is worth somewhere between $774 million to $1.2 billion while Open Sea is estimated to be worth between $321million  to $498 million, which was calculated by a model that is more conservative for predicting NFT revenue in 2021. The second model that calculates expected revenue is based on the performance of Rarible which puts Nifty’s valuation between $5.5 and $8.6 billion. Digital art is one of the most popular use cases for NFTs so far but documents and other online data is also finding their space here:

 “We expect to see new NFTs emerge as product-market fit will extend outside just art, into a broad identification layer for all digital assets.”

Twitter’s CEO Jack Dorsey recently put up his first tweet ever as an NFT for sale and the bid has now reached $2.5 million. As reported recently, Many investors are up on their investments in BTC and there are still expectations of the upside on a macro level. This came in spite of growing concerns in the short-term corrections as the market could have become overheated after it hit 100% in a month’s time. Both Winklevoss twins commented on the long-term expectations of Bitcoin’s price action and doubled down on the prediction that the coin could still hit $500,000 in the years ahead.