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Nefta Secures US $5 Million in Seed Round Financing

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It is reported that Nefta, a web3 infrastructure start-up, announced to complete a seed round financing of US $5 million at a valuation of US $32.5 million. Pl…

Nefta Secures US $5 Million in Seed Round Financing

It is reported that Nefta, a web3 infrastructure start-up, announced to complete a seed round financing of US $5 million at a valuation of US $32.5 million. Play Ventures led the investment with US $2.5 million, which is the largest single investment of its future fund. Other investors in this round of financing include Polygon Ventures, SevenX Ventures, Sfermion and Picus Capital.

Nefta announced the completion of $5 million seed round financing with a valuation of $32.5 million

Interpretation of the news:


Nefta, a web3 infrastructure start-up, has reportedly completed its seed round financing of US $5 million at a valuation of US $32.5 million. The investment was led by Play Ventures, with US $2.5 million, which is the largest single investment of its future fund. Other investors in this round of financing include Polygon Ventures, SevenX Ventures, Sfermion, and Picus Capital.

This funding is indicative of the growing interest and investment in web3 infrastructure, which refers to the decentralized infrastructure that underpins the blockchain and cryptocurrency ecosystem. Web3 infrastructure companies provide essential services such as blockchain node hosting, storage, and data management, which support the development of decentralized applications (dapps) and the broader adoption of cryptocurrencies.

In this context, Nefta aims to provide a scalable and interoperable web3 infrastructure for developers to build decentralized applications. The company’s technology stack includes a decentralized database, storage, and compute capabilities, which can reduce the costs and complexity of building dapps. Nefta also offers an API platform that allows developers to easily interact with the blockchain.

Play Ventures, the leading investor in this seed round, is a gaming-focused venture capital firm that has previously invested in the gaming companies such as Rovio (creator of Angry Birds) and Supercell (creator of Clash of Clans). This investment in Nefta is indicative of the convergence between gaming and the blockchain ecosystem, as more developers explore the use of cryptocurrencies and blockchain technology in gaming.

In conclusion, Nefta’s seed round financing of US $5 million is a significant milestone for the company and demonstrates the growing interest in web3 infrastructure. With the support of investors such as Play Ventures, Polygon Ventures, SevenX Ventures, Sfermion, and Picus Capital, Nefta is well-positioned to develop and scale its web3 infrastructure solutions and support the broader adoption of cryptocurrencies and blockchain technology.

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