Duncan Foster on loyalty programs

About Duncan Foster

Duncan Cock Foster, co-founder of Nifty Gateway, has discussed the platform's evolution from a simple credit-card purchasing tool to a major NFT marketplace that was acquired by Gemini in 2019. He has stated that the company's core mission is to make NFTs accessible to a billion people, emphasizing a custodial model that allows users to sign up with an email and password. Foster has described the platform's growth, noting that monthly transaction volume rose from about $1 million in November 2020 to $100 million within six months. He has also reflected on lessons from the NFT boom, saying that the company should have focused earlier on long-term value rather than appealing to speculators, as "speculation always has an expiration date." Foster has discussed Nifty Gateway's technical innovations, including a new marketplace architecture that moves order validation off-chain to reduce gas fees, and a mix of custodial and non-custodial options. He has stated that the platform has over a million registered user accounts and roughly $700 million in lifetime sales. Foster has also commented on the broader crypto regulatory environment, describing President Biden's executive order on crypto as "mostly a positive for crypto regulation." He has expressed interest in using NFTs for loyalty and community programs, citing a partnership with Starbucks as an example.

Profile compiled from Duncan Foster's verified public interviews and appearances. See all quotes & transcripts →