Web3 creator platform Nifty announces shutdown

ChainCatcher news, the Web3 creator platform Nifty announced its closure in a tweet. Nifty wrote in a tweet on August 3 that earlier this year, considering its limited resources in a challenging market, it shifted towards developing a platform for Web3 creators. It has been dedicated to developing new products and seeking funding necessary for continued development. Unfortunately, investment opportunities did not succeed, and we are gradually winding down our operations starting today.

Nifty was originally a social platform focused on NFTs and had collaborated with some well-known brands in the entertainment industry to launch NFTs, including a collaboration with Warner Bros. to release NFTs based on "Space Jam," as well as NFTs featuring "The Matrix" and "Game of Thrones." According to the crypto data platform Rootdata, the platform had previously received support from Mark Cuban and Joe Lubin in 2021, raising $10 million, with investors including Coinbase Ventures and Dapper Labs.