Web3 gaming entertainment infrastructure company Nefta has completed a $5 million seed round of financing, led by Play Ventures

ChainCatcher news, Web3 gaming and entertainment infrastructure company Nefta has completed a $5 million seed round financing, led by Play Ventures, with participation from Polygon Ventures, SevenX Ventures, Sfermion, and Picus Capital, valuing the company at $32.5 million. Nefta aims to provide tools for businesses entering and developing in the Web3 space, including custom APIs, software development kits, and white-label services to help businesses integrate digital assets, multi-chain wallets, and custom marketplaces.

It is reported that Nefta's valuation has increased by 225% over the past eight months. According to the crypto data platform RootData, last June, Nefta raised $1 million from Picus Capital at a valuation of $10 million. (Source link)