Nifty's
Space Jam, The Matrix, Game of Thrones NFTs; the relaunch never came
A Miami-based social platform for collecting and curating NFTs, launched with free and $2.99 Space Jam: A New Legacy collectibles made with Warner Bros.
- Capital raised (announced)
Recorded announced backing; this is separate from cash received, customer deposits and money recovered.
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Pre-seed | 2021 | ||
| Seed | 2021 |
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Jeff Marsilio | — | Head of Commercial, @Newton_xyz | Oct 2026 | |
| Jordan Lyall | — | CPO, Art Blocks | Oct 2026 | |
| Chris Your | — | Ignition Industries | Oct 2026 | |
| Eric Tesenair | — | Solutions Architect, Fireblocks (since October 2025) | Oct 2026 | |
| Jeremy Drane | — | Co-Founder, AUDIOPOOL (part-time, since 2025) | Oct 2026 | |
| John Scianna | — | Web3.com Ventures | Oct 2026 |
Timeline
23 March 2021
The company bought MEME Protocol’s technology and its founders joined as co-founders.
12 July 2021
Visitors could claim free Space Jam: A New Legacy collectibles for registering and sharing, and buy randomised extras at $2.99 each.
8 May 2023
Assets held on Palm were to be airdropped to Polygon and media moved to decentralised storage by 22 May.
We’ve got some big platform updates to share with the community. As we make way for the new platform, the current Nifty’s website will phase out on 5.22.23. Here’s what you need to know beforehand:
3 August 2023
Read the full post
Nifty’s Update Earlier this year, mindful of our limited resources in a difficult market, we pivoted to developing a platform for Web3 creators. Since then, we’ve been heads down building our new product and working on opportunities to access the capital required to keep building. Unfortunately, despite our best efforts, the investment opportunities we were working on didn’t pan out, and we now find ourselves at the end of our runway. As a result, and with a heavy heart, we are winding down our operations as of today.
How it ended
Ran out of money
Early in 2023 Nifty's pivoted to building a platform for Web3 creators, announcing that its original website would be retired, its NFTs moved from Palm to Polygon and their media to decentralised storage. The new platform never launched. In its closing statement the company said the investment it had been pursuing had not come through and that it had reached the end of its runway. Holders were told how to export their wallet keys, and the Warner Bros. collections were pointed to their own accounts.
Still alive
Open spot
Nifty's is gone. Is your NFT project still running?
Spotlight your project here.
Sources
22 sources behind this page.
- 1Social NFT Project Nifty's Raises $10M, Partners With Entertainment Giant Warner Bros · Bitcoin.com News
- 2Despite Name Brand NFT Deals, Nifty's Shuts Down · Decrypt · Aug 2023
- 3Mark Cuban-Backed Nifty's Raises $10M, Debuts with 'Space Jam' NFTs · Decrypt · Jul 2021
- 4Mark Cuban, Joe Lubin Invest in New NFT Social Platform Nifty's · Decrypt · Mar 2021
- 5Jeff Marsilio (@JeffMarsilio) account record · Jeff Marsilio on X (account id 69025684), retrieved via twitterapi.io
- 6jeremy drane (@jeremydrane) account record · jeremy drane on X (account id 1044333606045450241), retrieved via twitterapi.io
- 7Jordan Lyall (@JordanLyall) account record · Jordan Lyall on X (account id 14910027), retrieved via twitterapi.io
- 8Jordan Lyall · jordanlyall.com (personal site)
- 9LinkedIn profile of Eric Tesenair · LinkedIn (self-published profile, viewed by a person) · user-editable
- 10LinkedIn profile of Jeremy Drane · LinkedIn (self-published profile, viewed by a person) · user-editable
Show 12 moreShow fewer
- 11LinkedIn profile: Chris Your - Ignition Industries | LinkedIn · LinkedIn, as shown in Brave Search API results (self-published profile) · user-editable
- 12LinkedIn profile: John Scianna - Web3.com Ventures | LinkedIn · LinkedIn, as shown in Brave Search API results (self-published profile) · user-editable
- 13Nifty's Struggles To Secure Funding, Announces Shutdown · NFT News Today · Aug 2023
- 14Nifty's Announces 1st NFT-Focused Social Media Platform For Creators, Collectors And Curators With Backing Of Major Investors · PR Newswire (press release issued by Nifty's, Inc.) · Mar 2021
- 15Nifty's launches NFT-focused social media platform with $10 million in seed funding · The Block · Jul 2021
- 16Search of @Niftys posts across the shutdown, 1 to 5 August 2023 · twitterapi.io
- 17Search of @Niftys posts in May 2023 · twitterapi.io
- 18X account record for @Niftys · twitterapi.io
- 19Introducing Prohibition: an Open Generative Art Platform on Arbitrum powered by Art Blocks Engine · VenturePunk's Newsletter (Substack) · May 2023
- 20Prohibition's New Era: Expanding to Base, Beyond Gen Art, and Launching MOONSHINE · VenturePunk's Newsletter (Substack) · Apr 2024
- 21Search of @Niftys posts naming co-founders' handles, March to August 2021 · X, retrieved via twitterapi.io
- 22Search of posts mentioning Nifty's by @Scianna, @jeremydrane and @tesenair, March to August 2021 · X, retrieved via twitterapi.io
Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.