Gary Vaynerchuk, more popularly known as Gary Vee, has invested in a $5 million seed funding round of GameFi startup named Nifty League. Vaynerchuk accomplished this through his investment arm VaynerFund.
Read CRYPTONEWSLAND onOther notable investors include Gary Vee’s brother AJ Vaynerchuk, NFT gaming group Avocado Guild, RSE Ventures, and more. According to a blog, the $5 million fund will go to the startup’s platform scalability, team expansion, product enhancement, and marketing efforts.
Nifty League is the creator of the DEGENs, an NFT collection viewable and purchasable on OpenSea. The floor price for each NFT is 0.88 ethers. Aside from having its own NFT collectibles, Nifty League has created its own game called Nifty Smashers.
As seen in the YouTube video above, this is a brawler-type game in which players can use their DEGEN avatar to knock off others from the map.
In other news, Axie Infinity released the card rework of tail body parts. This is expected to become implemented once its Origin update is launched by the end of March.
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