Article Summary, Automatically Generated By AI
Summary of Nifty League
Key Points
- Nifty League is an NFT gaming platform with a focus on retro games.
- NFTL is the governance and utility token used for voting, renaming DEGEN NFTs, renting DEGEN NFTs, and purchasing assets.
- Initial supply of NFTL is 420M, with 212.85M mintable by DEGEN NFT holders.
- DEGEN NFTs earn 68.5 NFTL per day for the first 3 years.
- Nifty League was founded by 3 anonymous degens: Nifty Andy, Snarfy, and Nifty Spike.
- NFTL is currently available on
About Nifty League: Empowering the Future of Digital Collectibles
Introducing Nifty League (NFTL): A Revolutionary Digital Asset
Nifty League is a pioneering NFT gaming platform that pays homage to the retro games of yesteryear. Step into the vibrant NiftyVerse, where a pipeline of forthcoming NFT games awaits, evoking the nostalgic charm of timeless classics like Super Smash Bros and Mario Kart. Our inaugural play-2-earn game, “Nifty Smashers,” is now live, uniting degens across the Ethereum mainnet in a thrilling brawl.
NFTL is the governance and utility token, serving multifaceted purposes, including:
- Participating in decentralized governance by casting votes on DAO proposals, thereby shaping the future trajectory of our ecosystem and game developments.
- Exercising creative control by renaming our distinctive DEGEN NFTs.
- Accessing our gaming ecosystem by renting DEGEN NFTs, unlocking a world of immersive experiences.
- Acquiring coveted assets within our ecosystem, including prized land parcels in the NiftyVerse and exclusive in-game items and skins.
The Circulating Supply of NFTL Tokens: A Closer Look
Nifty League debuted on September 17, 2021, with an initial supply of 420 million NFTL tokens. Of this total, 212.85 million NFTL were earmarked for minting by DEGEN NFT holders, although not all of these tokens have been claimed to date. DEGEN NFTs generate 68.5 NFTL per day for the first three years, after which any further token issuance will be determined by the DAO. Proceeds from the purchase of in-game assets, such as land or weapons, are utilized to fund play-to-earn emissions and incorporate token burn mechanisms, thereby offsetting potential inflation through daily rewards for DEGEN holders.
The Visionaries Behind Nifty League: Meet the Founders
The Nifty League was conceived by a triumvirate of visionary individuals, shrouded in anonymity. At the helm are Nifty Andy and Snarfy, the primary architects who relinquished their roles at Activision to dedicate themselves to this innovative endeavour. The third founder, Nifty Spike, assumes the role of creative director, leveraging his extensive expertise garnered from a storied background in animation and pixel artistry for children’s television programming.
Acquiring NFTL: A Comprehensive Guide
NFTL is currently exclusive to the Ethereum Mainnet. Although we foresee forthcoming exchange listings, the primary conduit for NFTL liquidity presently resides on the Sushiswap decentralized exchange.