UK-based web 3.0 gaming platform Nefta has raised $5m in a seed funding round led by Play Ventures’ Future Fund.
The funds raised will support the expansion of Nefta’s business and employee scope, growing its market presence in the crypto industry and furthering its mission to become the “go-to platform for exceptional Web3 solutions”.
The funding round follows a previous investment of $1m from Picus Capital in June 2022.
Acting as an end-to-end platform, Nefta helps game studios design, launch and grow high-quality web 3.0 games while providing knowledge on blockchain game economics, monetisation, and user data.
“We’ve seen outstanding progress from Nefta since their inception in 2022. They’ve grown at a rapid pace, and their Web3 end-to-end building and scaling platform has already generated huge industry interest”, said Play Ventures general partner Kenrick Drijkoningen.
“Their toolbox will be an invaluable support to other members within the Play Ventures community.”
Nefta founder Geeshan Willink said: “Play Ventures has one of the best portfolios in the world for gaming and Web3. Receiving one of the largest investments from its Future Fund demonstrates their conviction in our team, products and vision.
“With their support, we’re able to power the next evolution of game economies, showcasing the benefits of blockchain to help our partners build, grow and scale Web3 ecosystems.”
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