• Nifty Gateway co-founders Duncan and Griffin Cock Foster are set to resign from their roles amid potential legal battles facing the platform’s parent company- Gemini.
• Eddie Ma and Tara Harris have been appointed Technical Lead and leader for non-tech roles, respectively.
• A public roadmap for the platform’s future is expected to be released before Duncan and Griffin’s departure.
The crypto and blockchain space is abuzz with the news of Nifty Gateway co-founders Duncan and Griffin Cock Foster’s imminent departure from their roles. The brothers founded the NFT marketplace in 2019 and sold it to Gemini exchange the same year.
Gemini is owned by Cameron and Tyler Winklevoss and the Cock Foster brothers worked with the Winklevosses over the last four years to develop Nifty Gateway. In a Jan. 25 Twitter thread, Duncan Cock Foster said that they would be resigning from their roles at Nifty Gateway.
„Even though we know when we sold Nifty Gateway, we would want to start another company at some point, I am still very sad that this time has come,“ Duncan wrote in the thread. The brothers have appointed Eddie Ma as Nifty Gateway’s Technical lead, while Tara Harris will serve as the leader for all non-tech roles.
The departure of the Cock Foster brothers from Nifty Gateway comes at a time when Gemini is facing legal battles with Genesis Global. Cameron Winklevoss, one of the Gemini co-founders, has claimed that Genesis Trading owes more than $900 million to over 340,000 Gemini Earn users. However, a bankruptcy filing by Genesis reveals that Gemini is owed only $13 million.
Before departing from Nifty Gateway, the Cock Foster brothers are expected to release a public roadmap for the platform’s future. This roadmap is expected to provide clarity on the future of the platform, as well as its relationship with Gemini.
It is unclear exactly when Duncan and Griffin will be leaving Nifty Gateway; however, the crypto and blockchain space is on the edge of its seat to see what the brothers will do next. Whatever their plans may be, one thing is for sure–they have left a lasting impression on the crypto and blockchain space and their departure will surely be felt.