Los Angeles, California – NFT gaming platform Nifty League has closed a $5 million seed investment round that will help expand its presence across the metaverse.
Launched in September 2021, Nifty League brings competitive gaming to Web3 – moving away from play-to-earn into a new era of play-and-earn by offering a fun and engaging gaming ecosystem. It released “Nifty Smashers” at launch, with a pipeline of additional games planned for future development.
The Niftyverse is an expanding collection of games and community anchors centred around nostalgia on a cutting-edge platform. It encourages builders, players, and owners to connect, game, and earn in Web3.
Andrew Mahoney-Fernandes, CEO of Nifty League, said seed round capital would be used to build out the team with key strategic hires, scale the platform, enhance their product offering and capabilities, and fuel awareness and engagement across their growing ecosystem.
“This milestone is a testament to the strength of our community and vision for what Web3 gaming can become,” said Mr Mahoney-Fernandes. “This new funding will allow us to bring our community’s vision to light as we continue expanding our game offerings while building out the Niftyverse and its developer ecosystem.
“For us, it’s always been about empowering our users to have a real voice in shaping the growth and evolution of our platform, and NFTs make it possible to add that next level of dimension to our games.”
Matt Higgins, Co-founder and CEO of New York-based RSE Ventures, which led the investment charge in the seed investment round, said: “NFT gaming has exploded into a multibillion-dollar industry. Nifty League came roaring out of the gate with one of the most innovative P2E games to hit the market – establishing their position as a dominant force in this new frontier of the metaverse.
“Nifty League’s minting process was brilliant, with characters reflecting tremendous artistry and ingenuity from the community. Nifty League’s potential is limitless, and we’re thrilled to partner with Andrew and the team as they continue scaling the platform and roll out new gaming options and experiences for their community.”
Another investor, Ben Lerer, Managing Partner at Lerer Hippeau, added: “The Nifty League team realizes that success in Web3 gaming will depend on creating games that are legitimately fun – and fostering rock-solid player communities behind them. We’re only at the beginning of competitive P2E gaming, and this team is uniquely positioned to create one of the strongest ecosystems in the space.”
Additional participants in the round include Spartan Group, VaynerFund, Private Ventures Group, Advancit W3, Avocado Guild, EVOS Gaming, TEOH Capital, 3SE Holdings, y2z Ventures, Nyan Heroes, DraftKings Co-founder Matthew Kalish, and Gallery Media Group CEO Ryan Harwood, among others.
For more information: www.niftyleague.com.
ENDS
MEDIA CONTACT:
Meghan Vita, Nifty League
Phone Number: +1 (310) 648-0801
References
Nifty League raises $5 million seed investment round led by RSE Ventures to expand its NFT gaming metaverse. (2022, March 3). Retrieved March 9, 2022, from https://prdistribution.com/news/nifty-league-raises-5-million-seed-investment-round-led-by-rse-ventures-to-expand-its-nft-gaming-metaverse-2/9059181
Nifty League. Compete & Earn NFT Gaming Metaverse. (n.d.). Retrieved March 9, 2022, from https://niftyleague.com/
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