Los Angeles, California, USA, March 02, 2022 (GLOBE NEWSWIRE) — Nifty League, a leading NFT gaming platform, today announced the closing of a $5 million seed investment round dollars led by New York-based private investment firm RSE Ventures (“RSE”). Other round participants 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.
Launching in September 2021, Nifty League brings competitive gaming to Web3 – moving from play to win (“P2E”) to a new era of play and win by delivering a fun and engaging gaming ecosystem. Players will be able to compete and earn rewards in the ecosystem token, NFTL, which can be used to purchase in-game items and bonuses, trade with other players, or be able to “withdraw” from ecosystem. At launch, Nifty League released its first game “Nifty Smashers”, a nostalgic arcade-style brawler. Nifty League intends to build its community by developing additional games, characters, and items in the Niftyverse, an online world for Nifty League players.
“This milestone is a testament to the strength of our community and our vision for what Web3 gaming can become,” said Nifty League CEO Andrew Mahoney-Fernandes. shape the growth and evolution of our platform, and NFTs help add a higher level to our games. This new funding will allow us to shine a light on the vision of our community as we continue to expand our game offerings while growing the Niftyverse and its ecosystem of developers.
“NFT gaming has exploded into a multi-billion dollar industry, and while most lack the engagement and community needed to sustain success, Nifty League has come out roaring with one of the most successful P2E games. innovators in 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. “The process of creating Nifty League was brilliant, with characters reflecting exceptional artistry and ingenuity on the part of the community. The concept of player contribution is merely lip service on many other platforms, but Nifty League has actually forged this commitment on the blockchain.
This pledge has caught the attention of gamers, investors, and crypto enthusiasts.
Higgins continued, “Breakout success happens when you act on the opportunity before the evidence tipping point, and I think the shift to P2E is a great example of that given it’s a natural extension of what is already happening with the game in real life. The potential of Nifty League is limitless, and we’re thrilled to partner with Andrew and his team as they continue to evolve the platform and roll out new gameplay options and experiences for their community.
“The Nifty League team realizes that the success of Web3 games will depend on creating games that are legitimately fun – and fostering rock-solid gaming communities behind them,” said Ben Lerer, Managing Partner at Lerer. Hippeau. “We are only at the beginning of competitive P2E play, and this team is uniquely positioned to create one of the strongest ecosystems in space.”
Nifty League plans to use this new capital to bolster the team with key strategic hires, scale the platform, enhance its product offering and capabilities, and fuel awareness and engagement in its growing ecosystem. .
About Nifty League
Launched in September 2021, Nifty League’s industry-leading platform allows users to play online multiplayer games and earn rewards within the Nifty League community. The Niftyverse, a growing collection of nostalgia-centric games and community anchors, encourages builders, gamers, and owners to spend time connecting, playing, and winning on Web3. Nifty League released its first “Nifty Smashers” game at launch, with a pipeline of additional games planned for future development.
About CSR Ventures
RSE Ventures is a private investment firm made up of builders, innovators, partners and founders who focus on companies in sports and entertainment, media and marketing, food and lifestyle and of technology. Its family includes Bluestone Lane, Magnolia Bakery, International Champions Cup, VaynerMedia, Momofuku, Milk Bar and &pizza. Through CSR and related funds, the team has also invested in leading Web3 companies including Axie Infinity, Dapper Labs and Immutable X (IMX). Connect at rseventures.com and @RSEVentures.
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