A major change is coming to Nifty Gateway as Duncan and Griffin Cock Foster, its twin founders, have announced that they are stepping away from the company. This departure will be followed by the two launching a new venture.
Some news — after almost 4 years, @gcockfoster and I are departing @gemini and are passing the baton at @niftygateway.
This journey has been an incredible ride, but Griffin and I are founders at heart and we want to start another company.
🧵 w/ some thoughts below:
— duncancockfoster.eth | Nifty Gateway (@dccockfoster) January 25, 2023
Details About the Departure
In a January 25, 2023 statement, Duncan Cock Foster explained that when the project was first acquired by Gemini in 2019, he and his brother had agreed to stay on for 4 years and then depart.
“We ended up staying the max amount of time we originally thought possible, which shows how great this experience was!” he said, adding that they have been preparing their exit for months now, though their final day has not yet been decided.
Assuring customers that Tyler and Cameron Winklevoss (the CEOs of Gemini) would lead Nifty to greater heights, Duncan Cock Foster promised to release a roadmap of the project’s future in the next few weeks. Interestingly, he said that he and his brother do not yet know what they are going to do moving forward but that after taking a sabbatical, they would launch a new project.
He also noted some of Nifty Gateway’s milestones so far such as paying out over $500 million to artists and pioneering new ways to sell NFTs.
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Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.