In Brief:
- Nifty Gateway will add a new feature to its platform in January.
- Users will be allowed to make transactions through the Ethereum wallet in Ether.
- The company claims that the new update will reduce gas fees up to 75%.
One of the leading marketplaces, Nifty Gateway announced its upcoming features “wallet-to-wallet” on its platform to facilitate NFT collectors with low gas fees and faster transactions.
Users will be able to Buy and Sell directly from their Ethereum wallet. As per the announcement, from January users will allow making direct transactions.
The Company claims that this approach will reduce up to 75% Gas fees compared to other platforms. Moreover, Nifty Gateway will add a “Gas Saving Calculator” to calculate fee cut.
Users pay gas fees to “compensate for the computing energy required to process and validate transactions on the Ethereum blockchain.”
The company stated in the blog that the current state of NFT buying “discourages people from being more active collectors.” Currently, many NFTs platforms are taking high Gas fees on NFTs transactions, which spoils users’ experience. Sometimes these gas fees reach almost double of NFT price.
Moreover, with the launch of this new feature in January, Nifty Gateway organized an event under the label of “WAGMI WINTER WHAM”. Previously, a similar event was held in August. In this event, numerous NFTs Collectors giveaway their NFTs to participants.
With the expansion of the NFT world, NFTs marketplaces are ballooning their area and reaching new heights. Recently, Murat Pak’s ‘Merge’ NFT on Nifty Gateway has sold 266855 masses, and the estimated price is around $100 million in just 48 hours.
