Los Angeles, California – Leading NFT gaming platform Nifty League is set for significant expansion across the metaverse after announcing the close of a $5 million seed investment round.
New York-based private investment firm RSE Ventures led the investment race to back the evolution of ‘Nifty League’, which is bringing 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.
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. It released its first game, “Nifty Smashers”, with a pipeline of additional games planned.
Nifty League plans to use this new 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.
“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,” said Matt Higgins, Co-founder and CEO of RSE Ventures.
He added: “Nifty League’s minting process was brilliant, with characters reflecting tremendous artistry and ingenuity from the community. The concept of player input is simply lip-service on many other platforms, but Nifty League forged that commitment into the blockchain.
“Nifty League’s potential is limitless, and we’re thrilled to partner them as they continue scaling the platform and roll out new gaming options and experiences for their community.”
Commenting on the Seed Round’s success, Andrew Mahoney-Fernandes, CEO of Nifty League, said: “This milestone is a testament to the strength of our community and vision for what Web3 gaming can become.
“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. 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.”
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.
For more information: www.niftyleague.com.
ENDS
MEDIA CONTACT:
Meghan Vita, Nifty League
Phone Number: +1 (310) 648-0801
About ‘Nifty League’
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 centered around nostalgia, encourages builders, players, and owners to spend time connecting, gaming, and earning in Web3. Nifty League released their first game “Nifty Smashers” at launch, with a pipeline of additional games planned for future development.
About RSE Ventures
RSE Ventures is a private investment firm made up of builders, innovators, partners and founders who focus on companies across sports and entertainment, media and marketing, food and lifestyle, and technology. Its family includes Bluestone Lane, Magnolia Bakery, International Champions Cup, VaynerMedia, Momofuku, Milk Bar and &pizza. Through RSE and related funds, the team has also invested in leading web3 companies including Axie Infinity, Dapper Labs, and Immutable X (IMX). Connect at http://rseventures.com and @RSEVentures.
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/
Tradersdna is a leading digital and social media platform for traders and investors. Tradersdna offers premiere resources for trading and investing education, digital resources for personal finance, market analysis and free trading guides. More about TradersDNA Features: What Does It Take to Become an Aggressive Trader? | Everything You Need to Know About White Label Trading Software | Advantages of Automated Forex Trading
