Miami-based Nifty’s, Inc. announced the launch of the project’s website, which aims to showcase a non-fungible token (NFT) social platform focused on attracting mainstream attention. The company also revealed that it raised $10 million in seed rounds from well-known investors such as A&T Capital, Polychain Capital, Ethereal Ventures, Liberty City Ventures, Dapper Labs, Topps, Polaroid, and Samsung Next.

Nifty and Warner Bros. teamed up to launch Space Jam NFT

The new NFT joint venture, Nifty’s, announced on Monday the launch of the project’s website, and further elaborated that the company has partnered with the American multinational mass media and entertainment group Warner Bros. Nifty’s will work with Warner Bros. to develop the NFT, which will be linked to the upcoming animated film “Slam Dunk” composed of the characters of LeBron James and Looney Tunes. Four days later, “Space Jam: A New Legacy” will be shown in theaters and HBO Max.

“We are very happy to work with Nifty’s in this new way to allow our audience to interact with their favorite characters, connect with other fans, and enjoy our movies on and off the screen,” Pam Lifford, President of Global Brands and Experiences, Warner Bros., Said in a statement. “Space Jam: A New Legacy is fun for everyone, and it’s important for us to provide audiences with new and exciting ways to celebrate their fanaticism.”

Social NFT project Nifty's raises US$10 million to cooperate with entertainment giant Warner Bros.

According to the announcement, Warner Bros. will distribute a single limited edition NFT to anyone who registers on Nifty and visits the Space Jam NFT collection page. Warner Bros. stated that the NFT will feature the Los Angeles Lakers’ James and Looney Tunes’ “Tune Squad”. The Space Jam: A New Legacy NFT is produced by Palm NFT Studio, which uses advanced blockchain technology and claims to “reduce energy consumption by 99%.”

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“The digital collection will include two-dimensional and three-dimensional versions, with five rarities,” the entertainment company and Nifty announced details. “The rewards will be random and include all levels of rarity, including the chance to get one of the ten legendary versions of each. Collectors can purchase additional NFTs separately for only $2.99, randomly assigning characters and rarity.”

Jeff Marsilio, CEO and co-founder of Nifty’s, pointed out: “The speed and strength of our platform’s development is a testament to the incredible talent of our team and is facilitated by a group of investors who provide us with the resources to achieve our goals. “During the announcement. “We are very happy to introduce the wonderful content of Nifty’s and Warner Bros. to the world and launch our community as a warm base for new and old explorers in the NFT world.”

Warner Bros. joins well-known brands entering the NFT industry

When Nifty’s announced this news, NFT was still in the spotlight. Major brands and celebrities such as Playboy, Major League Baseball, Mike Tyson, UFC, DeLorean Motors, Time, USA Today, etc. have all joined the NFT boom. David Lee, executive vice president of Samsung Electronics and head of venture capital firm Samsung Next, believes that the team behind Nifty will help shape future trends. “We are deeply impressed by what Nifty has developed in such a short period of time, and we can’t wait to see how they shape the future of NFT participation,” the president of Samsung Electronics concluded.

Just recently, there were rumors on the Internet that Warner Bros. plans to sell Netherrealm studios from Mortal Kombat and TT Games developed by Lego. Warner Bros. is undergoing a $43 billion merger, and some people suspect that the company is selling some intellectual property and subsidiaries. However, Warner Bros. denied that it plans to sell Netherrealm Studios.

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What do you think of the cooperation between Nifty and Warner Bros.? Please tell us your thoughts on this topic in the comments section below.

Tags in this story

DeLorean Motor Company, Jeff Marsilio, LEGO dev TT Games, Looney Tunes, Looney Tunes NFTs, Los Angeles Lakers, Mike Tyson, MLB, Netherrealm Studios, nft, NFT participation, NFTs, Nifty’s, Non-fungible Token, Pam Lifford, Playboy, Samsung, Space Jam, Time, UFC, USA Today, Warner, Warner Bros., Warner Bros. NFT, WB

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