Quick take:
- The service is free of charge for now.
- The NFT Advisory Program is part of Nifty Gateway’s plan to onboard 1 billion people into the NFT space.
- The company has an “aggressive hiring plan” to expand its NFT advisory board.
Nifty Gateway has revealed plans to launch a new NFT Advisory Program for institutional clients such as corporations, museums, big brands, funds, family offices and high net-worth individuals.
With the new service, the NFT marketplace will offer clients guidance on their NFT investments. It will also help clients with onboarding, off-market acquisitions, private sales, market intelligence and insights, as well as with global support. The service is currently free of charge.
Speaking to Blockworks, Nifty Gateway co-founder Duncan Cock Foster said: “As institutional players [and] high-net-worth individuals get interested in the market, they’re going to need people who can give them quality advice.”
Even though the service is not available to just anyone, Tara Harris, director of collector services at Nifty Gateway, said that it’s not “necessary an exclusive club”, and is instead part of Nifty Gateway’s mission to onboard 1 billion people into the NFT space.
“This really is our way of bringing in bigger players to continue to drive growth and access in this marketplace and to scale out that access to more and more people through institutional players,” Harris said to Blockworks. “We’re really here to provide thoughtful access and a starting point for people.”
Harris also said that the platform has a “very aggressive hiring plan” to expand its NFT advisory board.
Co-founded in 2018 by twin brothers Duncan and Griffin Cock Foster, Nifty Gateway was acquired by cryptocurrency exchange Gemini for an undisclosed amount in 2019. After the acquisition, Nifty Gateway began to offer the option of fiat payments in USD, in addition to cryptocurrencies.
Other major NFT platforms that have recently integrated fiat/card payment options include Rarible, and Coinbase which has sealed a deal with Mastercard for its upcoming NFT marketplace.
The announcement of Nifty Gateway’s NFT Advisory Program follows Mastercard’s plans to expand its consulting services to include NFT strategy development for banks and merchants, revealed on Feb 15.
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