New NFT Platform Nifty’s Attracts Distinguished Backers Together with Mark Cuban and Joe Lubin

| Peter Wind

Key highlights:

  • Nifty’s is a undertaking combining NFTs and social media
  • The undertaking will use expertise developed by MEME Protocol
  • Mark Cuban and Joe Lubin had been among the many traders in Nifty’s pre-seed spherical

New NFT platform Nifty’s attracts distinguished traders

NFTs are in all probability the largest pattern within the crypto neighborhood for the time being, and the expertise has additionally made its option to extra mainstream circles. And whereas established NFT platforms like Nifty Gateway and OpenSea are reaping the advantages (OpenSea simply raised a $23 million funding spherical), new gamers are coming into the market as nicely.

One such new participant is Nifty’s, an organization making a platform that mixes gathering NFTs and social media. In accordance with the group, their platform is designed to make NFTs accessible to everybody, and join manufacturers and creators issuing NFTs with their target market. Nifty’s will launch “later this spring”.

Nifty’s will use expertise developed by MEME Protocol, a undertaking that has created a platform for NFTs that makes use of ideas from decentralized finance. By staking property, customers can earn collectible NFTs that reference common memes. The co-founders of MEME protocol are additionally co-founders of Nifty’s, and the corporate has purchased 78.2 MEME tokens (about $244,000 on the time of writing). MEME holders will get pleasure from particular perks associated to the Nifty’s platform, for instance early entry to new merchandise and unique NFTs.

Nifty’s has attracted some distinguished backers for its pre-seed funding spherical that was introduced on Tuesday. This consists of Mark Cuban, the investor who’s maybe most well-known for proudly owning the Dallas Mavericks NBA group and his function on the investment-themed actuality present Shark Tank. 

Right here’s what Cuban needed to say on investing in Nifty’s:  

“Nifty’s supplies precisely what the digital collectibles area wants subsequent because it evolves into far more than a inventive market – specifically neighborhood and social engagement. As an NBA group proprietor I noticed how Jeff leveraged expertise to dramatically improve fan engagement on a worldwide foundation, and am thrilled to be concerned in constructing this neighborhood on the middle of the NFT ecosystem.”

The spherical additionally included Ethereum co-founder and ConsenSys CEO Joe Lubin and nameless Ethereum whale “0xb1”.

The undertaking itself is led by Jeff Marsilio, who beforehand served as Senior Vice President of New Media on the NBA. Notably, Marsilio performed a task within the NBA licensing NBA High Shot, the favored collectibles platform that makes use of NFTs.

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