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NFT Marketplace Nifty Gateway Pledges to Go ‘Carbon Negative’

Amy Liu

Summary: Gemini-owned non-fungible token (NFT) marketplace Nifty Gateway pledged Monday to become “carbon negative” this year through a combination of offset purchases and technology improvements. Nifty Gateway will buy offsets equivalent to double its CO2 footprint at the end of every month, said founders Duncan and Griffin Cock Foster. Site developers also plan on running Nifty’s ...

Gemini-owned non-fungible token (NFT) marketplace Nifty Gateway pledged Monday to become “carbon negative” this year through a combination of offset purchases and technology improvements.

Nifty Gateway will buy offsets equivalent to double its CO2 footprint at the end of every month, said founders Duncan and Griffin Cock Foster. Site developers also plan on running Nifty’s NFT minting system through EIP-2309 to cut Ethereum gas fees by 99%.

By Amy Liu

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