Odaily News: Web3 creator platform Nifty's announced on Twitter that it will gradually end its operations. Nifty's stated, "Earlier this year, considering our limited resources in a challenging market, we turned to develop a platform for Web3 creators. Since then, we have been dedicated to developing new products and seeking opportunities to obtain the necessary funding for continued development. Unfortunately, despite our best efforts, we did not secure investment opportunities and realized that the project has come to an end."



Nifty's mentioned that in the past few weeks, the team has made every effort to ensure that the NFT projects released on Nifty's can continue, including "The Matrix Avatars," "Looney Tunes: What’s Up, Block?," "Game of Thrones: Build Your Realm," and "Bullet Train." The team has decentralized all NFT assets and reallocated them on the Polygon blockchain, unless they were already on Ethereum. For NFT holders of Warner Bros. brands, the team has provided relevant instructions for users to export their private keys to preserve their collections.



In July 2021, Nifty's completed a $10 million seed round of financing with investors including Polychain Capital, Ethereal Ventures, Liberty City Ventures, Draper Dragon Fund, Coinbase Ventures, Dapper Labs, Topps, Polaroid, Quiet Capital, Forerunner Ventures, Samsung Next, A&T Capital, and BBTV Holdings Inc.



Nifty's launched the NFT social platform Niftys.com and collaborated with Warner Bros. to release a series of limited edition NFTs, including the movie "Space Jam: A New Legacy" starring NBA superstar LeBron James and featuring Looney Tunes characters.