Nifty League Wins Big with $5 Million Seed Investment Round

March 9, 2022

Los Angeles, California – NFT gaming platform Nifty League has revealed it has closed a $5 million seed investment round that will help fuel its expansion across the metaverse.

Launched in September 2021, Nifty League brings competitive gaming to Web3 – moving away from play-to-earn into a new era of play-and-earn by offering a fun and engaging gaming ecosystem.

The Niftyverse is an expanding collection of games and community anchors centered around nostalgia on a cutting-edge platform. It encourages builders, players, and owners to connect, game, and earn in Web3.

Andrew Mahoney-Fernandes, CEO of Nifty League, said seed round capital would be used to build out the team with key strategic hires, scale the platform, enhance their product offering and capabilities, and fuel awareness and engagement across their growing ecosystem.

“This milestone is a testament to the strength of our community and vision for what Web3 gaming can become,” said Mr. Mahoney-Fernandes. “This new funding will allow us to bring our community’s vision to light as we continue expanding our game offerings while building out the Niftyverse and its developer ecosystem.

“For us, it’s always been about empowering our users to have a real voice in shaping the growth and evolution of our platform, and NFTs make it possible to add that next level of dimension to our games.”

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Nifty League released “Nifty Smashers” at launch, with a pipeline of additional games planned for future development.

Matt Higgins, Co-founder, and CEO of New York-based RSE Ventures, which led the investment charge in the seed investment round, said: “NFT gaming has exploded into a multibillion-dollar industry.

Nifty League came roaring out of the gate with one of the most innovative P2E games to hit the market – establishing their position as a dominant force in this new frontier of the metaverse.

“Nifty League’s minting process was brilliant, with characters reflecting tremendous artistry and ingenuity from the community. Nifty League’s potential is limitless, and we’re thrilled to partner with Andrew and the team as they continue scaling the platform and roll out new gaming options and experiences for their community.”

Additional participants in the round include Spartan Group, Lerer Hippeau, VaynerFund, Private Ventures Group, Advancit W3, Avocado Guild, EVOS Gaming, TEOH Capital, 3SE Holdings, y2z Ventures, Nyan Heroes, DraftKings Co-founder Matthew Kalish, and Gallery Media Group CEO Ryan Harwood, among others.

For more information:
www.niftyleague.com.
Meghan Vita, Nifty League
Phone Number: +1 (310) 648-0801

Nifty League. Compete & Earn NFT Gaming Metaverse. (n.d.). Retrieved March 9, 2022, from https://niftyleague.com/

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Cryptocurrency vs. Traditional Finance: Which is Better?

The rise of cryptocurrency has sparked intense debate about its viability compared to traditional financial systems. As digital currencies like Bitcoin and Ethereum gain traction, many are left wondering: Is cryptocurrency a better alternative to traditional finance? This article delves into the key differences, advantages, and disadvantages of both systems to help you understand which might be the better option for you. Understanding Traditional Finance Traditional finance refers to the established financial systems and institutions that have governed economic transactions for centuries. This includes banks, stock exchanges, insurance companies, and government monetary policies. Traditional finance relies heavily on centralized authorities to regulate and facilitate transactions. Features of Traditional Finance Centralized Control: Traditional finance operates under a centralized framework where banks and financial institutions oversee transactions and manage the flow of money. Regulatory Oversight: Governments and regulatory bodies oversee financial systems to ensure compliance with laws and protect consumers. Consumer Protections: Traditional finance offers various consumer protections, such as deposit insurance and fraud protection. Established Infrastructure: The infrastructure for traditional finance is well-established, with a network of banks and financial institutions across the globe. Understanding Cryptocurrency Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates on decentralized networks based on blockchain technology, which records all transactions across a network of computers. This decentralization means that no single entity has control over the currency. Features of Cryptocurrency Decentralization: Cryptocurrencies operate on decentralized networks, meaning that transactions are not controlled by any single authority. Transparency: All transactions are recorded on a public ledger (the blockchain), providing transparency and traceability. Peer-to-Peer Transactions: Cryptocurrency allows users to conduct transactions directly with one another without the need for intermediaries. Global Accessibility: Cryptocurrencies can be accessed and used by anyone with an internet connection, making them highly accessible. Comparative Analysis 1. Accessibility Cryptocurrency: Provides global access to users regardless of their geographical location. Anyone with an internet connection can buy, sell, and trade cryptocurrencies. Traditional Finance: May be limited by geographical boundaries, and access can be restricted by factors such as credit history, banking regulations, and fees. 2. Transaction Speed Cryptocurrency: Offers faster transaction speeds, especially for cross-border transfers, which can be completed within minutes. Traditional Finance: Transactions, particularly international ones, can take several days to process due to the involvement of multiple banks and regulatory checks. 3. Fees Cryptocurrency: Transaction fees can be lower than traditional finance, particularly for international transactions. However, fees can fluctuate based on network congestion. Traditional Finance: Often involves various fees, including service charges, wire transfer fees, and foreign transaction fees, which can add up over time. 4. Security Cryptocurrency: Uses advanced cryptography for security; however, the decentralized nature can expose users to risks such as hacks and scams if proper security measures are not taken. Traditional Finance: While generally secure, traditional finance systems can be vulnerable to fraud and cyberattacks. However, they typically offer consumer protections like fraud detection and reimbursement. 5. Regulation and Consumer Protection Cryptocurrency: Lacks comprehensive regulation in many jurisdictions, which can expose users to scams and fraud. There is little recourse if funds are lost. Traditional Finance: Heavily regulated, providing consumers with protection against fraud, theft, and insolvency. Advantages of Cryptocurrency Decentralization: Reduces reliance on banks and financial institutions. Low Transaction Fees: Especially for international transfers. Fast Transactions: Transactions are processed quickly, even across borders. Financial Inclusion: Offers access to unbanked populations. Advantages of Traditional Finance Consumer Protections: Established legal frameworks protect consumers. Stability: Traditional financial systems have a long history of stability and reliability. Regulation: Regulatory oversight provides security against fraud and abuse. Established Trust: Traditional finance benefits from consumer trust built over decades. Disadvantages of Cryptocurrency Volatility: Cryptocurrency prices can be extremely volatile, leading to significant risks for investors. Regulatory Uncertainty: The lack of comprehensive regulation creates risks and uncertainties. Security Risks: Users can lose their funds through hacks, scams, or losing access to wallets. Limited Acceptance: Many merchants and businesses still do not accept cryptocurrencies as payment. Disadvantages of Traditional Finance High Fees: Banks and financial institutions often charge high fees for services. Slow Transactions: Transfers, especially international ones, can be slow. Centralized Control: Relies on banks and institutions that can impose restrictions. Inaccessibility: Certain populations may be excluded from traditional financial systems due to various barriers. Conclusion: Which is Better? Determining whether cryptocurrency or traditional finance is better depends on individual needs and preferences. For those seeking decentralization, lower transaction costs, and quick access to funds, cryptocurrencies offer significant advantages. However, for individuals who prioritize security, consumer protection, and stability, traditional finance may be the preferred option. As the world continues to evolve, both systems will likely coexist, offering unique benefits and catering to different types of users. Ultimately, understanding both cryptocurrency and traditional finance allows individuals to make informed decisions about their financial futures.
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Why You Must Start Diversifying Your Crypto Portfolio with Monero Exchange

Diversifying your crypto portfolio has never been easier, as the options for currencies are plentiful with Ethereum, Bitcoin, and Monero exchange and trade hitting all-time highs. One important way you can set yourself up for success and protect yourself and your finances is to be sure that you’re diversifying your crypto portfolio. It may sound cliche, but you really shouldn’t ever put all of your eggs in one basket. If you invest all your money into one single asset, that asset’s price happens to dramatically drop, and then you might find yourself in hot water. However, if you spread your wealth around to multiple assets, then if one of them goes down, all your savings won’t go down with it. Making sure your crypto portfolio is properly diversified, is like giving yourself a life vest that could save your financial life. But the unfortunate truth is that many people (sometimes even long-time investors) don’t know how to properly diversify their portfolios. This isn’t because they aren’t smart, but quite possibly because they aren’t aware that there is a right way to go about doing it. Monero exchange – What is crypto diversification? First of all, diversifying is all about minimizing risk by locating your funds in different places. By spreading your investment out across different stocks, you essentially are spreading the risk around, making sure that if one stock’s price goes down, you won’t consequentially lose the entirety of your investment and money. There are a few different ways in which a person can go about doing this. Industry diversification It’s a good idea to diversify across multiple different industries. If your only investment is in tech companies for example, and suddenly there is a change in tech privacy laws, chances are good that your portfolio may be negatively affected. But if your money is instead spread across multiple industries, you’re effectively setting yourself up for success. Time and location diversification Instead of making hasty investments all at once, and all in one place, it might be wise to buy in small increments, and slowly build up a portfolio. After thoroughly researching which investments would best diversify your portfolio, you can set price alerts to help ensure that you are up to date on changing prices and trends. This will ultimately help you plan and predict which direction the market is going towards. Asset diversification Another method is to be diversifying in different asset classes. For example, in traditional investing, you have stocks on one hand and bonds on the other, and they often react differently on matters involving market outlooks. So, if you are investing a little bit in both, one might go up while the other goes down, and in the end, they both even each other out in terms of gains and losses. But protection is not the only benefit that diversifying your crypto portfolio can provide for you. While studying the best methods of diversification, you can also learn about other digital currencies that you may not have been aware of before. While most people versed in digital currency today are aware of Bitcoin (BTC) and Ether (ETH), they might not realize that other tokens have a unique curb appeal, like Monero. Hence the importance of considering Monero exchange as part of your investing strategy. Investing in multiple different currencies will not only protect you as mentioned earlier but will also increase your performance. What is Monero and why is it a great investment for your portfolio? Monero (XMR) is a cryptocurrency that was launched in 2014 by Nicolas van Saberhagen and is renowned for its privacy-oriented technologies. The XMR blockchain creates an underlying technology behind existing digital currencies and showcases all the transactions on the network, effectively acting as the participant’s public ledger. As briefly mentioned above, XMR is the number one choice of digital currency for users who value their privacy. While currencies like Bitcoin claim that transactions are anonymous, people have come to find out that this is not the truth. Bitcoin is not completely anonymous. But Monero on the other hand is completely anonymous. Monero exchange transactions between users are extremely difficult to trace because they function on stealth addresses and something called ring signatures. Monero ring signatures Ring signatures have raised the bar when it comes to user security. The GetMonero website explains how ring technology functions, as follows: “A ring signature is a type of digital signature that can be performed by any member of a group of users that each have keys. Therefore, a message signed with a ring signature is endorsed by someone in a particular group of people. One of the security properties of a ring signature is that it should be computationally infeasible to determine which of the group members’ keys was used to produce the signature.” Together these two functions help to mask the identities and money values of the sending and receiving parties. These are important aspects to point out about Monero exchanges, as privacy is something that people have expected more and more in the last few years. With Monero being one of the cryptocurrencies that offer such a high level of privacy, it becomes that much more valuable. As of December 24, 2020, Monero was trading at $157.30, making it the fourteenth-largest cryptocurrency by overall market value, coming in at roughly $2.8 billion. Monero mining is unique Privacy and security aside, one aspect of Monero exchange that makes it stand out from other cryptocurrencies is that it can be mined using basic hardware. Miners can work from ordinary computers and run-of-the-mill Android devices. Bitcoin mining, on the other hand, requires a massive and complex hardware setup and consumes considerably more energy. Monero is one of the only blockchains out there that allow people to easily start mining Monero coins. This ease of use is something that can drive Monero up in popularity and eventually help it become even more of a mainstream staple in the cryptocurrency realm. And the market seems >>Read more
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Is This The End For Ethereum Or A Generational Opportunity?

Ethereum holders are indeed facing challenging times, particularly with the underwhelming performance of recently launched Ethereum spot exchange-traded funds (ETFs). These ETFs were initially anticipated to drive significant price action and generate optimism for the cryptocurrency. However, the results have been disappointing so far, leaving investors frustrated and uncertain about Ethereum’s immediate prospects. Despite this, Matt Hougan, Chief Investment Officer at Bitwise, remains bullish on Ethereum’s long-term potential. He emphasizes that Ethereum continues to dominate the decentralized application (dApp) space, retaining the largest number of active developers and users. Hougan likened Ethereum to the “Microsoft of blockchains” in a recent memo. Hougan highlights the critical role of Ethereum in major blockchain applications. For example, he pointed to the adoption of Ethereum by BlackRock’s tokenized money market fund and Nike’s Web3 platform called Swoosh as signs of its ongoing success. Hougan argues that while Ethereum has lagged behind Bitcoin and Solana in year-to-date growth (38% and 31%, respectively), its underlying fundamentals remain strong. He believes Ethereum is positioned as a contrarian bet for the rest of 2024, potentially defying market sentiment with a bullish run. As of now, ETH has seen a slight uptick, trading around $2,440, and is approaching a key resistance level at $2,450. While the short-term outlook remains uncertain, Ethereum’s continued dominance in blockchain development and adoption by traditional companies could eventually reignite positive momentum for the asset. newsbtc.com
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Naive mistakes in Forex made by investors

Recently, the latest ongoing pandemic has taken a toll on the world. More and more people have been laid off from their long-term projects and the globe is facing crises of all levels. It takes a lot of effort to accept the truth a person is no longer necessary. From the education sector to government posts, everywhere the fear of being fired is working. As a result, there has been a surge in the number of investors willing to start a trading career. You will be surprised to find that millions have already joined in this vast arena. Not because they want to make a fortune but because to get financial security. The silly mistakes are also on the rise and if you are wondering what those are, this resource is for you. This article consists of the common errors usually made by beginners in currency trading. What we can assure is after going through this post, many will discover new opportunities. We recommend that intermediate investors also take a look as it is beneficial for them as well. Confusions This is a critical issue that needs to be tackled right away. An ounce of distrust is adequate to throw traders off-track. Although there are uncertainties involving price movement, a minimum level of confidence is required. Do not second guess an idea that appears in your mind. Carefully analyze the existing pattern, read the news, and make an educated prediction. Do not let the mind run wild as it can make things out of thin air. If the situation persists, seek professional assistance to reduce the impact. A good trader never judges his formula, let alone confuse his mind. If the mindset is not focused, so is the train of thought. Getting confused in the early stage is very normal. But if you choose to take the trades in the learning platform, you can reduce the stress of trading with a great level of ease. People often get confused and they think they know a lot about the market. Try to make a consistent profit in the demo platform before you open the real trading accounts. Be cautious about the trading steps so that you don’t lose too much money. Be focused and take the trades without taking aggressive steps. Remember the fact, that practice makes a man perfect. Never rush to make big gains as it can impose heavy threats and ruin your trading career. Not setting up a stop-loss Whether the trend is certain or the confidence level is too high, never forget this magic formula. This tool helps to confine the losses and assist in moving forward. Beginners have no idea how to invest still they deposit money. The problem arises when trends display hostile movements. They lose a significant part of their capital before realizing what went wrong. Always make sure the stop-loss has been appropriately placed. Believe us this is a wonderful technique to protect the money. Even if you are confident, don’t neglect this formula. This is a life-saving instrument in the platform to avoid costly mistakes. Believing in miracle solutions This requires the clients to be unbelievably dumb to believe such elaborate scams. The online industry has the highest number of traps. Whether it is investing or simply participating in betting, the potential of being scammed is always there. Naive people believe in strategies that are supposedly the Holy Grail. An effective method to find out is whether this promises huge rewards. Generally, the experts also lose capital due to uncertainty. It is an excellent money management strategy that can save the fund. If anything promises, otherwise this is certainly a trap. Use common sense and try to distinguish wrong from right. People get blinded by profit and start looking after all illegal ways even if they sound fishy. They only realize after losing everything.
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USDT vs USDC: Understanding the Differences

Cryptocurrency has come a long way since Bitcoin, and with the emergence of new tokens, traders have an array of options to choose from. Tether (USDT) and USD Coin (USDC) are two such tokens that have been gaining traction in the market. In this article, we will dive deep into the differences between USDT and USDC, and which token might be the better choice for traders. Table of Contents Introduction What is USDT? What is USDC? The Differences Between USDT and USDC 4.1. Token Issuer 4.2. Token Supply 4.3. Token Price Stability 4.4. Token Transparency 4.5. Token Adoption and Integration USDT vs USDC: Which is Better? How to Buy USDT and USDC Conclusion FAQs 1. Introduction Cryptocurrency trading is an increasingly popular way to invest and earn money, and with the advent of new tokens, traders have more options than ever before. Two such tokens are USDT and USDC, which are both stablecoins designed to maintain a stable value of $1. In this article, we will explore the differences between these two tokens and which one may be the better choice for traders. 2. What is USDT? Tether (USDT) is a stablecoin that was created in 2014 by Tether Limited. The company claims that each USDT token is backed by a corresponding amount of US dollars, held in reserve by the company. USDT is designed to maintain a stable value of $1, which makes it a popular choice for traders who want to hedge their cryptocurrency investments. 3. What is USDC? USD Coin (USDC) is another stablecoin that was launched in 2018 by Circle, a cryptocurrency startup backed by Goldman Sachs. Like USDT, each USDC token is backed by a corresponding amount of US dollars, held in reserve by the company. USDC is also designed to maintain a stable value of $1, which makes it a popular choice for traders who want to avoid the volatility of other cryptocurrencies. 4. The Differences Between USDT and USDC While USDT and USDC share many similarities, there are some key differences between the two tokens that traders should be aware of. 4.1. Token Issuer USDT is issued by Tether Limited, which has faced some controversy over its financial backing. In the past, the company has been accused of not having enough US dollars in reserve to back up its USDT tokens, which has led to questions about the token’s stability. USDC, on the other hand, is issued by Circle, which is backed by Goldman Sachs. This gives the token more credibility and transparency, as traders can be assured that the token is backed by a reputable financial institution. 4.2. Token Supply USDT has a larger supply than USDC, with over $35 billion USDT tokens in circulation, compared to just over $3 billion USDC tokens. While this may make USDT more widely available, it also increases the risk of a sudden drop in value if the company is unable to maintain its reserves. 4.3. Token Price Stability Both USDC and USDT are designed to maintain a stable value of $1, but USDC has been shown to be more stable over time. According to data from CoinGecko, USDT has experienced more volatility in price than USDC, which could be a concern for traders who want to avoid sudden price swings. However, it’s worth noting that both tokens have remained relatively stable compared to other cryptocurrencies, which can be more volatile. 4.4. Token Transparency USDT has faced criticism in the past for not being transparent about its financial backing. While the company claims that each USDT token is backed by a corresponding amount of US dollars, it has not provided independent audits to confirm this. USDC, on the other hand, is more transparent about its reserves, and the company regularly publishes reports from independent auditors to verify its holdings. 4.5. Token Adoption and Integration While both USDT and USDC are widely accepted in the cryptocurrency market, USDT has a more established presence, with many exchanges and wallets supporting the token. USDC, on the other hand, is still relatively new and has yet to achieve the same level of adoption. However, the fact that it is backed by a reputable financial institution like Goldman Sachs could make it more attractive to institutional investors in the future. 5. USDT vs USDC: Which is Better? There is no clear answer to this question, as both tokens have their strengths and weaknesses. Traders who prioritize transparency and stability may prefer USDC, while those who value availability and market adoption may prefer USDT. Ultimately, the choice will depend on each trader’s individual needs and preferences. 6. How to Buy USDT and USDC Both USDT and USDC can be purchased on most cryptocurrency exchanges, including Binance, Coinbase, and Kraken. Traders can also purchase the tokens directly from Tether and Circle, respectively. 7. Conclusion USDT and USDC are both stablecoins designed to maintain a stable value of $1. While they share many similarities, there are also some key differences that traders should be aware of. Ultimately, the choice between these two tokens will depend on each trader’s individual needs and preferences. 8. FAQs Are USDT and USDC backed by US dollars? Yes, both tokens are backed by US dollars held in reserve by their respective companies. Which token is more stable? USDC has been shown to be more stable than USDT, according to data from CoinGecko. Can I buy USDT and USDC on cryptocurrency exchanges? Yes, both tokens can be purchased on most cryptocurrency exchanges. Which token is more transparent about its reserves? USDC is more transparent about its reserves, as the company regularly publishes reports from independent auditors to verify its holdings. Which token is more widely adopted? USDT has a more established presence in the cryptocurrency market, with many exchanges and wallets supporting the token. However, USDC has the backing of a reputable financial institution like Goldman Sachs, which could make it more attractive to institutional investors in the future.
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Nifty League Wins Big with $5 Million Seed Investment Round

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