Nifty League Bags $5 Million Seed Investment Round On Expansion Plans

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Los Angeles, California – Nifty League, a leading NFT gaming platform, has closed a $5 million seed investment, with plans to spend the capital on expanding its reach and awareness across the metaverse.

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. 

The Niftyverse is an expanding collection of games and community anchors centred around nostalgia. It encourages members to spend time connecting, gaming, and earning in Web3. At launch, Nifty League released its first game, "Nifty Smashers", with plans for additional games in development.

Nifty League will 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. 

"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."

Matt Higgins, Co-founder and CEO of RSE Ventures, commented: "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. 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."

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.

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