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<strong>cannot be copied</strong>, substituted, or subdivided. 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When you buy a Bored Ape, it becomes your Yacht Club membership card and grants you access to members-only benefits.</p>\n<p>Though note that in some rare cases, <strong>fungible tokens</strong> like Ethereum (ETH)&nbsp;can also become non-fungible due to some past activity. For instance, if a certain amount of ETH is used to pay for illegal things or activities, these tokens would become <strong>less fungible</strong> because they might not be accepted by certain exchanges.</p>","level":"easy","meta_title":"What is Non-Fungible Token (NFT)? 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For example, while the fact that you've sent your friend $10 in ETH would be considered data, the date and time when you performed the transaction would be metadata.","content":"<p>Essentially, metadata is data about data. <strong>Metadata is</strong> <strong>abstract information</strong> <strong>about the underlying data.</strong> It's not subject to regulation. Data, on the other hand, is the actual information that is susceptible to regulatory examination.</p>","level":"easy","meta_title":"What is Metadata? Definition & Meaning | Crypto Wiki","meta_description":"Metadata meaning: Metadata - data that contains information about other data, for example, information about transaction features.","meta_keywords":null,"language":"en","created_at":"2022-05-19T12:27:05.000000Z","updated_at":"2022-07-07T12:43:40.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-metadata"},"currentChapter":"N","currentSection":"what-is-nifty-gateway","chapterTitle":"N","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-nifty-gateway","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter N

What is Nifty Gateway?

Nifty Gateway MEANING:
Nifty Gateway - an exclusive NFT platform owned by a cryptocurrency exchange Gemini LLC.
Easy
1 minute

Let's find out Nifty Gateway meaning, definition in crypto, what is Nifty Gateway, and all other detailed facts.

Nifty Gateway is an exclusive NFT platform operated by Gemini LLC (a cryptocurrency exchange). The exchange platform and the Nifty Gateway are owned by the Winklevoss twins.

Nifty Gateway combines crypto with collectible artworks and music to create high-value tradable assets. This empowers some of the top artists and musicians in the world by allowing them to develop and sell NFTs.

Non-fungible tokens (NFTs) that you can sell and buy through Nifty Gateway are known as Nifties. Essentially, NFTs are digital tokens recorded on a blockchain. They fall into the category of cryptocurrencies but they are not like the traditional ones. Why? Because NFTs can come in any form, including art, games, music, and so on, while traditional ones have the same fixed form.

Besides, if you already own an NFT, you can use MetaMask to transfer it to the Nifty Gateway Omnibus Wallet. Besides, you can apply on their website to become a Nifty creator and sell your own artwork if you want. Though note that you’ll need to fill out a questionnaire and complete an interview to be actually accepted.
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