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NFT social network Nifty’s attracted investments from Mark Cuban and Joseph Lubin

Nifty’s social media platform focused on collectors and non-fungible token (NFT) creators has completed a preseeding round of funding.

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.

What is NFT?

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.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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