Los Angeles, California – NFT gaming platform, Nifty League, has closed a $5 million seed investment round to fuel its Web3 gaming experience.
Launched in September 2021, Nifty League brings competitive gaming to Web3 – moving away from play-to-earn (P2E) into a new era of play-and-earn by offering a fun and engaging gaming ecosystem.
The Niftyverse, an expanding collection of games and community anchors centered around nostalgia, encourages players to compete and earn rewards in the ecosystem’s token, NFTL, which can be used to purchase in-game items and bonuses, trade with other players, or cash out.
Nifty League plans to use its latest Seed Round capital 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.
Leading the seed investment round was New York-based private investment firm RSE Ventures. “This milestone is a testament to the strength of our community and vision for what Web3 gaming can become,” said Andrew Mahoney-Fernandes, CEO of Nifty League.
“For us, it’s always been about empowering our users to have an authentic 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.
“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.”
Matt Higgins, Co-founder and CEO of RSE Ventures, attested: “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.”
Additional participants in the round include Spartan Group, Lerer Hippeau, 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
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/
