NFT platform Nifty Gateway, purchased by Cameron and Tyler Winklevoss in November 2019, could now be worth as much as $1.2 billion, according to a new report from the crypto analytics firm Messari.
The report is part of a broad overview of the NFT market, which has been heating up in recent weeks thanks to blockbuster sales from the likes of Grimes, Kings of Leon, Beeple, and more.
NFTs are non-fungible tokens—digital collectibles on a blockchain (usually Ethereum). They’re a handy mechanism for assigning ownership to digital images and animations; the NBA just launched a dedicated NFT platform called Top Shots, and Taco Bell put out a collection of taco-themed crypto art.
NFTs have been around for years, but have exploded in popularity over the past few months. Sales volume increased 29X in February, and the Winklevoss-owned Nifty Gateway remains the ecosystem’s largest platform; Messari says it’s worth somewhere between $774 million to $1.2 billion. The runner-up, Open Sea,
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