Changes at the Top: What Happened?

On January 25, Duncan and Griffin Cock Foster, the brainchildren behind the NFT auction powerhouse Nifty Gateway, threw in the towel—well, not literally, because that wouldn’t look good on social media. Their resignations were more like an opening chapter to an intriguing new book titled “What’s Next?” Perhaps a sequel rather than a spin-off? Time will tell!

The Heart of Founders

In a candid tweet, Duncan expressed their true founder spirit: “Griffin and I are founders at heart, and we want to start another company.” It’s like saying the family of superheroes decided they’re ready to retire but really just want to try their hand at a different kind of villainy!

The Four-Year Countdown

It’s all about timing, isn’t it? When Gemini, the parent company, acquired Nifty Gateway in 2019, the Cock Foster twins cleverly plotted a four-year escape plan if everything went smoothly. Spoiler alert: It did! Duncan remarked that they had indeed stayed for the maximum duration they’d originally envisioned—as if they had set their alarms and just hit snooze for a bit longer.

Amid Legal Quagmires

However, their departure isn’t entirely without drama. It coincides with a nasty legal tiff between Gemini and Genesis Global, the bankrupt lending entity. Gemini claims that Genesis owes $900 million to its users as part of a program that suddenly went kaput. Cue the dramatic music, right?

A Smooth Transition

In a twist not unlike your favorite reality show, Duncan noted that they had been prepping for this transition for months. Nifty Gateway is apparently in capable hands, with the Winklevoss twins leading the charge. They’re in a corner, drawing up plans to keep the NFT ship sailing smoothly, despite the stormy seas of market turbulence.

Looking Ahead: What’s Next for Nifty Gateway?

As the Cock Foster duo prepares to wave goodbye, an elaborate roadmap for Nifty’s future will roll out in the coming weeks. Sounds like a perfect practice session for future leadership—”How to Transition Like a Pro.” Eddie Ma will step in as the tech guru, while Tara Harris will take the helm for non-tech matters. Talk about a dream team!

Staying Close

Even after they bid adieu, Duncan and Griffin will maintain advisory roles, ensuring that the ghosts of their entrepreneurial spirits linger to guide Nifty Gateway through uncharted waters. Because who doesn’t want a couple of friendly ghosts at the helm?