Nifty’s social media platform focused on collectors and non-fungible token (NFT) creators has completed a preseeding round of funding.
Hello World, we are Nifty’s! https://t.co/xpf4srGdFq
– Nifty’s (@Niftys) March 23, 2021
The round was led by billionaire Mark Cuban, Ethereum co-founder Joseph Lubin and an anonymous investor under the pseudonym 0xb1. They are joined by investment firms Draper Dragon, Polychain, Tally Capital, Liberty City Ventures and Future Positive.
Nifty’s will connect publishers, creators and brands with collectors and fans of non-fungible tokens. Users of the media platform will be able to create, search and store NFTs.
“Nifty’s provides exactly what the digital collectible space needs as it evolves into more than a creative marketplace,” Cuban said.
CEO Jeff Marsilio spoke about the project’s commitment to bringing digital collectibles into a community. The launch of the Nifty’s media platform will take place in the spring of 2021.
Cuban previously put up one of his motivational quotes for sale in the form of NFT: “You can’t change the world by doing the same as everyone else.”
As a reminder, digital artist Beeple got scared of Ethereum’s volatility and converted the record revenue from the sale of NFT “Everydays: The First 5000 Days” into US dollars. After deducting the auction house fees and taxes, he received $ 53 million.