NFT social network Nifty’s secures investment from Mark Cuban and Joseph Lubin

The social media platform Nifty’s, aimed at collectors and NFT creators, has closed a pre-seed funding round.

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 using the pseudonym 0xb1. They were 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 platform will be able to create, search for and store NFTs.

\”Nifty’s provides exactly what the digital collecting space needs, as it evolves into something more than a creative marketplace,\” said Cuban.

The CEO Jeff Marsilio outlined the project’s aim of uniting all enthusiasts of digital collecting into a community. The launch of Nifty’s is planned for spring 2021.

What is NFT?

Earlier, Cuban put up for sale one of his motivational quotes as an NFT: “You can’t change the world by doing what everyone else is doing”.

Earlier, the digital artist Beeple feared Ethereum volatility and converted the record revenue from the NFT sale ‘Everydays: The First 5000 Days’ into US dollars. After deducting auction-house fees and taxes, he received $53 million.

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