Nefta Raises $5 Million in Seed Round for Web3 Expansion

    Nefta, a Web3 technology platform, recently announced that it has raised $5 million in a seed round to expand its Web3 solutions. The funding was led by Play Ventures, a company that has made over 60 investments in Web3 and free-to-play games across the globe. Other participants in the funding round include SevenX Ventures, Sfermion, MZ, and Polygon Ventures.

    Nefta was founded in 2022 by a team of games industry veterans, including former employees from Google Play, Adcolony, Outfit7, and others. The team’s experience and knowledge have enabled them to provide Web3 tools and end-to-end solutions for businesses looking to enter and expand within the Web3 space.

    Partnerships Nefta has already established partnerships with MYSTiC Games, VIKER, and GAMI, among others. These partnerships aim to facilitate Web3 systems and wallet integration for free-to-own NFTs. While Nefta is mainly focused on gaming, its tech stack has also attracted the interest of those in the music, beauty, festival, and other industries that are looking to scale their Web3 strategies.

    Expansion plans With this recent round of funding, Nefta intends to expand its business and team, as well as grow its market presence to become one of the best platforms for Web3 solutions. The company aims to make Web3 more accessible and expand its partnerships even further.

    Geeshan Willink, the founder of Nefta, expressed his excitement about the investment from Play Ventures, saying that it demonstrates their conviction in the team, products, and vision. He added that with their support, Nefta is able to power the next evolution of game economies and showcase the benefits of blockchain to help their partners build, grow, and scale Web3 ecosystems.

    Conclusion As the Web3 space continues to face misconceptions, receiving investments and delivering quality products will play a crucial role in the development of these projects. Nefta’s recent funding and expansion plans could help drive Web3 growth and adoption across industries.

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