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Los Angeles, California – Nifty League, an NFT gaming platform, has revealed it has closed a $5 million seed investment round that will help it expand further across the metaverse.
Launched in September 2021, Nifty League's cutting-edge platform allows users to play online multiplayer play-and-earn games, competing to earn rewards within the Nifty League community.
The Niftyverse, an expanding collection of games and community anchors centred around nostalgia, encourages builders, players, and owners to connect, game, and earn in Web3. Nifty League released "Nifty Smashers" at launch, with a pipeline of additional games planned for future development.
Nifty League will use its 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.
"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. "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 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."
Leading the seed investment round was New York-based private investment firm RSE Ventures
Matt Higgins, Co-founder and CEO of RSE Ventures, said: "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. Its 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."
"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," said Ben Lerer, Managing Partner at Lerer Hippeau, another investor. "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, 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
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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