Nifty’s Inc. Partners With Warner Bros To Roll Out A Social NFT Platform

The inaugural kick-off of Nifty’s social NFT platform took a new wave of excitement on Monday. This unusual wave came from announcing Warner Bros as the principal collaborator with Nifty’s Inc.

There’s also a backup of seed investment worth about $10 million from some big venture firms of the blockchain.

The partnership with Warner Bros influences Nifty’s to launch a collection of NFTs limited-edition. According to the company’s announcement, the collection will feature characters from ‘Space Jam: A New Legacy,’ a future movie.

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ConsenSys, the Ethereum software company, developed the NFT’s for Space Jam using Palm NFT Studio’s technology.

Backup Investors On The New NFT Platform

The investment of $10 million came from prominent investors like Palm NFT Studio, Samsung Next, and BBTV Holdings Inc.

Other investors include Coinbase ventures, A&T Capital Ventures, Forerunner Ventures, Topps, Dapper Labs, Liberty City Ventures, and HENI.

In addition, some pre-seed investors supported Nifty’s platform launch by topping their stake in Nifty’s. Some of the pre-seed investors include Draper Dragon Fund, Ethereal Ventures, and Polychain Capital.

The Executive Vice President at Samsung, David Lee, through his speech, praised and publicized Nifty’s innovation in NFT confinement.

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He explained that their business is committed to harnessing the future by identifying the necessary ideas, trends, and technologies. Lee commended Nifty’s for its latest development within a concise time. He also expressed his anticipation of how the Non-Fungible Tokens will influence the future.

An NFT Focused Platform

Earlier in March this year, Nifty’s made its first announcement concerning its social media platform, NFT-focused. The announcement mentioned that its big investors would include Joseph Lubin…

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