HOW DOES NIFTY GATEWAY WORK.
Nifty Gateway is an NFT Marketplace that works to make Nifties accessible to everyone.
The platform includes exclusive Top artists and brands to create limited-edition collections, high-quality Nifties. It teamed up with people like world-renowned artist Michael Kagan.
Each collection opens at a specific time (a drop) and will only be available for a limited time.
It aims to do new drops about once every three weeks.
After the initial drop for a collection closes or sells out, you will only get nifty from that collection in the marketplace.
Nifty Gateway is a centralized, USD-based marketplace for buying and selling Nifties.
It lets you display your Nifties, as well as withdraw them to external wallets or deposit Nifties from external wallets into your collection.
WHAT IS A NIFTY?
NSE introduced it in 1996, and its other aliases are Nifty 50 and CNX Nifty.
Nifty stands for National Stock Exchange Fifty. It is the equity benchmark index of the National Stock Exchange (NSE).
Nifty 50 includes stocks from the top 50 of nearly 1600 companies actively traded in NSE across 24 sectors.
These 50 stocks account for nearly 65% of the total free-float market capitalization of the index. Therefore, Nifty reflects the performance of those top 50 stocks.
Nifty 50 is for benchmarking index funds, index-based derivatives, and fund portfolios. Index Services and Products Limited (IISL), a subsidiary of NSE, owns and manages Nifty. Furthermore, the base value of Nifty 50 is 1000, and 1995 is considered its base year for calculating the index per float-adjusted market capitalization methodology.
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