Winklevoss Brothers Buy Startup Nifty Gateway

Cameron and Tyler Winklevoss — of Facebook founding fame — made their first acquisition, buying a crypto firm helmed by identical twins Duncan and Griffin Cock Foster, Bloomberg reported Tuesday.

The Winklevoss twins rose to fame for their role in Facebook’s founding. They now run Gemini, a cryptocurrency exchange founded in 2015 that looks to bring government regulation and legitimacy to the volatile asset.

The Winklevoss’ Gemini Trust bought Nifty Gateway for an undisclosed amount, a company that lets users buy digital collectibles called “nifties” with credit cards instead of complex crypto wallets

“All great companies, all great ideas there’s a period where you see a truth and many other people don’t, and you have to have that conviction,” Tyler Winklevoss told Bloomberg.

Source
https://markets.businessinsider.com/currencies/news/winklevoss-twins-acquire-crypto-firm-nifty-run-by-other-identical-2019-11-1028701764

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