Nifty’s launches NFT-focused social media platform with $10 million in seed funding

Niftys.com is a Miami-based crypto venture, has launched what it claims to be the first-ever NFT-focused social media platform with $10 million in seed funding.

Niftys.com first partnership, which is with Warner Bros., will feature a collection of limited-edition non-fungible tokens of characters from the upcoming live-action/animated film Space Jam: A New Legacy. The film stars basketball champion LeBron James and the Looney Tunes and will release in theaters and on HBO Max on July 16.

As part of the initiative, Nifty’s Inc has raised $10 million in a funding round with participation from Polychain Capital, Ethereal Ventures, and more. The venture also receive new support from several other entities, including Coinbase Ventures, Dapper Labs, Samsung Next and Topps among others.

The aim of the platform is to give users a platform to interact regardless of their familiarity with NFT technology. The platform allows its members to discover and create playlists of NFTs that can be shared with friends or on the platform without requiring ownership.

Warner Bros. will award one limited-edition NFT to each user who registers on Nifty’s and visits the Space Jam: A New Legacy gallery to claim their collectible. Fans also have the chance to win a second NFT by sharing a post on social media about the collection.

Pam Lifford, president of Warner Bros said:

“We are excited to partner with Nifty’s on this new way for our audiences to engage with their favorite characters, connect with other fans and enjoy our movies on and off the screen.”

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