★ Company OverviewNifty
Island is a blockchain gaming and Web3 platform company, full name Nyft Studio, Inc., founded in 2021 and headquarteredAustin, Texas, USA, Nifty Island is positioned as an open social gaming and virtual world platform, using blockchain technology (Web3) to enable players to create islands, participate in games, trade non-fungible tokens (NFTs, unique blockchain-based digital assets) and earn rewards, creating a community-driven "Nyftverse" ecosystem.
★ regulatory informationNifty
Island does not explicitly disclose the number of a financial license that is directly supervised or held by a particular financial regulator.
★ Trading productsNifty
Island offers the following blockchain-based trading products:
NFT trading: Support players to create and trade in-game NFTs, including virtual island decorations, 3D models, game assets and AI agents (such as Luna, AgentYP), based on the Ethereum blockchain in 2023, and transactions will be executed through the platform marketplace or OpenSea. In May 2025, the "Legendary Palms" NFT collection has a floor price of 0.1010 ETH (about $270.85), and the market capitalizes 0.6060 ETH (about $1,630).
Cryptocurrency trading: Support ISLAND token (launched on January 17, 2024, maximum supply of 1 billion), and trade on decentralized exchanges (DEXs) such as PancakeSwap in 2023 (trading pair ISLAND/USDC) for rewards, staking, and unlocking game features.
In-game assets: In 2023, "Blooms" is an in-game currency that can be earned by completing challenges, games, or hosting activities, which can be exchanged for ISLAND tokens or used in the marketplace to purchase NFTs.
Staking Rewards: Support ISLAND token staking in 2023 to unlock bigger islands, faster earnings, or exclusive content, and staking rewards are determined by player participation. As of May 2025, the platform reports a 24-hour trading volume of 0.7769 ETH (about $2,080), with no public total trading volume or token market cap. Trading products do not involve foreign exchange, CFDs or other traditional financial assets, and are limited to NFTs and cryptocurrencies. In 2023, the platform will enhance NFT interactivity through AI proxies, such as VaderAI, to attract Web3 players.
★ trading software
Nifty Island offers a web-based gaming platform (accessed via the official website in 2023) that supports NFT trading, island creation, and social gaming, with Windows and Mac clients launched in 2023, with no plans for a mobile app unannounced. The platform needs to be connected to crypto wallets such as MetaMask or WalletConnect, and the features include:
NFT marketplace: support NFT minting, buying and selling, real-time auction and 3D display in 2023, integration with the Ethereum blockchain, and a new AI agent drag-and-drop function in 2023, allowing players to deploy interactive characters.
Island Creation Tool: A no-code editor will be available in 2023, where players can customize virtual islands and add NFTs, AI agents, or game elements, and user-generated content (UGC) will be supported in 2023.
Social Gaming Hub: In 2023, multiplayer, challenges, and community events will be supported, and players will be able to earn rewards through "Blooms", with the launch of ISLAND token exchange in January 2024.
Governance Voting: In 2023, ISLAND token holders will be supported to vote through Snapshot to decide on platform features or reward distribution, and the first community vote will be passed in December 2023. The interface is mainly in English, and the user experience will be optimized in 2023, with new AI agent interaction and real-time price charts. In 2023, the platform will open source part of the code through GitHub (the specific repository is not disclosed) to support developers to create game mods. In May 2025, the "Legendary Palms" NFT collection was owned by 828 holders, reflecting an active community.
★ Deposit and withdrawal methodsNifty
Island supports blockchain-based deposit and withdrawal methods:
cryptocurrency deposits: Users who deposit ETH, USDC, or ISLAND tokens to their wallets via the Ethereum blockchain are required to pay gas fees (Ethereum transaction fees, depending on network congestion), and there is no limit to the minimum deposit amount in 2023.
NFT trading: Deposit or withdraw NFTs through the platform marketplace or OpenSea, support batch minting and auction in 2023, and the floor price of "Legendary Palms" in May 2025 is 0.1010 ETH (about $270.85).
In-game rewards: Earn "Blooms" by completing challenges or events in 2023, which can be exchanged for ISLAND tokens, and support on-chain withdrawals from January 2024, with fees determined by the Ethereum network.
Fiat Currency Payment: In 2023, Stripe will support USD payment platform service fees (such as custom islands or NFT development), KYC verification is required, and the processing time is usually 1-3 business days. In 2023, the platform claims that NFT transactions charge a standard fee of 2.5% (in line with OpenSea), and the minting fee is borne by the project party or user. Deposits and withdrawals need to be connected to a crypto wallet, and NGRAVE ensures transaction transparency through a decentralized protocol. In 2023, EU and US orders will be exempt from import duties (orders under $800), depending on local customs policies.
★ Customer Support & EnablementNifty
Island provides customer support through the following channels:
Community Support: Answering questions about NFT trading, island creation, and gaming via Discord (active in 2023), Twitter (@Nifty_Island, active in 2023), and LinkedIn (697 followers, 2023), with feedback from users in June 2025 that the community was very responsive.
Document Center: In 2023, a user guide will be provided through the official website, covering NFT minting, island editing, ISLAND token staking, and AI proxy deployment, and the tutorial will be updated in 2023.
Exclusive support: In 2023, we will provide customized support for brand customers (such as NFT project parties) to assist in game development and community management, and the specific customers will not be disclosed in 2023.
Developer support: In 2023, API documentation will be provided through Discord and GitHub (specific repositories are not disclosed) to assist developers in creating game mods or AI agents, and AI framework tutorials will be released in December 2023. Support is primarily in English, with no 24/7 service or multi-language support disclosed. In 2023, Twitter feedback showed that users were satisfied with the AI proxy function, and some users reported that they needed technical support for their initial NFT minting (December 2023). In June 2025, the X platform post praised the platform's integration of open world and creator rewards (@cryptosloth_nft, June 5, 2025), reflecting the active community.
★ Core Business & ServicesNifty
Island's core business is a blockchain-powered social game and NFT platform to create a "Nyftverse" ecosystem, and its main services include:
NFT Marketplace: In 2023, players will be able to mint, buy, sell, and auction in-game NFTs (such as virtual decorations, 3D models, AI agents), covering the Ethereum blockchain, and the "Legendary Palms" NFT collection will be launched in 2023, which will be owned by 828 holders in May 2025.
Island Creation: A no-code tool will be available in 2023, where players can create custom islands for free, add NFTs, AI agents, or gaming elements, and remove land scarcity (get islands for free per user) in 2023 to enhance accessibility.
Social Gaming: In 2023, multiplayer, challenges, and community events will be supported, and players will earn "Blooms" by completing quests or hosting activities, which can be exchanged for ISLAND tokens, and the token economy will be launched in January 2024.
AI Agent Integration: In December 2023, the AI agent feature was launched, allowing players to drag and drop interactive characters (such as Luna, AgentYP), supporting on-chain transactions and in-game behaviors, and a custom AI agent framework was added in 2023.
Decentralized governance: In 2023, players will be given decision-making power (e.g., reward distribution, game updates) through ISLAND tokens and Snapshot voting, and the first community vote will be approved in December 2023. The service targets include retail users (gamers, NFT collectors), institutions (NFT project parties, game developers) and high-net-worth individuals (Web3 investors). The operating model generates revenue through NFT transaction fees (2.5%), ISLAND token economy, and brand customization services. In 2023, the platform ranks highly in the Web3 gaming space (DappRadar did not disclose the specific ranking).
★ Technology FoundationNifty
Island's technology infrastructure is based on blockchain and cloud:
blockchain protocol: In 2023, it will be mainly based on Ethereum (ERC-721, ERC-20 standards), supporting NFT minting, trading and ISLAND token management, and in 2023, Polygon and BNB Chain will be integrated to reduce gas fees.
Game platform: In 2023, the game world and NFT marketplace will be hosted through cloud servers (Amazon Web Services, AWS), Google Cloud will be integrated to support data processing, and the island loading speed will be optimized in 2023.
Smart contracts: Use Ethereum smart contracts to perform NFT transactions, token staking, and AI proxy interactions in 2023, with internal audits to ensure security and no disclosure of third-party audits (such as OpenZeppelin).
AI framework: The AI proxy framework will be launched in December 2023, which supports drag-and-drop interactive roles, integrates on-chain transactions and behavioral logic, and supports agents such as Luna and AgentYP in 2023.
Data security: In 2023, SSL/TLS encrypted communication will be adopted, KYC data storage will comply with CCPA and GDPR, transaction records will be stored on the chain, and the platform will protect assets through multi-signature wallets (multi-party authorization is required to improve security). In 2023, the platform stores game assets through AWS S3, and Google Cloud optimizes data indexing. No hacking incidents or technical vulnerabilities were reported in 2023, and smart contracts ensure transparency through decentralized protocols.
★ Compliance & Risk Control SystemNifty
Island's compliance and risk control system is based on KYC/AML and blockchain transparency:
KYC/AML: Verify the identity of users participating in NFT transactions or ISLAND token staking through third-party services such as Sumsub in 2023, submit passports or government IDs, comply with international anti-money laundering standards and CCPA, KYC data is stored in an off-chain encrypted database.
Transaction monitoring: In 2023, NFT and ISLAND token transactions will be recorded through the Ethereum blockchain to detect abnormal activity in real time (such as wash transactions, price gouging through fake transactions) to reduce the risk of fraud.
Smart contract security: 2023 internal audit of smart contracts, December 2023 AI proxy framework passed testing, no third-party audits (such as OpenZeppelin) were disclosed, and no vulnerabilities were reported.
Data protection: In 2023, user data is stored through encryption, CCPA and GDPR compliant, AWS S3 and Google Cloud ensure data integrity, and no data breaches are disclosed. In 2023, the U.S. SEC emphasized compliance with securities regulations for NFT markets (e.g., Impact Theory, August 2023), and certain NFTs may be considered investment contracts, with Nifty Island not reporting violations. Decentralized governance (Snapshot voting) enhances community oversight and reduces operational risks. KYC verification can lead to a delay in the initial transaction, and user feedback (Twitter) in 2023 shows that verification takes 1-2 days.
★ Market Positioning & Competitive AdvantageNifty
Island is positioned as a Web3 social gaming and NFT platform serving gamers, NFT collectors, and creators. Its competitive advantages include:
Free Islands: Removing land scarcity in 2023 and getting customizable islands for free per user, lowering the barrier to entry and outperforming Decentraland (land NFTs are expensive).
AI Proxy Innovation: Launched in December 2023 interactive AI agents (e.g., Luna, AgentYP) to support on-chain transactions and in-game behavior, which is different from traditional NFT marketplaces (e.g., OpenSea).
Multi-chain support: Integrate Ethereum, Polygon and BNB Chain in 2023, reduce gas fees, and lower transaction costs than OpenSea in 2023 (specific rates not disclosed).
Community-driven: In 2023, players will be given governance rights through ISLAND token staking and Snapshot voting, and the first vote will be passed in December 2023 to enhance user participation. Compared to Dapper Labs (NBA Top Shot, sports NFT), The Sandbox (metaverse game), or Sorare (sports NFT game), Nifty Island differentiates itself in terms of free accessibility and AI interaction, but the market size is smaller, with undisclosed trading volume in 2023. In June 2025, Platform X users praised its open world and creator rewards convergence (@cryptosloth_nft, June 5, 2025).
★ Social Responsibility & ESG
Nifty Island's social responsibility focuses on digital economy empowerment and community
engagement: digital inclusion: Lower the barrier to entry for Web3 in 2023 with free islands and low-cost transactions (Polygon, BNB Chain) to support players and creators around the world.
Community Governance: In 2023, players will be given decision-making power through ISLAND tokens and Snapshot voting, and the first vote will be passed in December 2023 to enhance the decentralized ecosystem.
Technical transparency: NFT and token transactions will be recorded through the Ethereum blockchain in 2023 to ensure ownership transparency, and part of the code will be open-sourced in 2023 (GitHub repositories are not public). Failure to disclose specific environmental and social governance (ESG) initiatives, such as carbon emissions data or public welfare projects. In 2023, Polygon and Ethereum's PoS (Proof of Stake) mechanisms will reduce energy consumption and indirectly reduce the environmental impact of transactions, without disclosing specific energy data. No public welfare projects or diversity initiatives were reported in 2023, and NFT airdrops and community events indirectly supported the creator economy.
★ Financial health
Nifty Island's financial data is as follows:
November 30, 2021: $20 million seed round from 12 institutions, including Arrington Capital, Binance Labs, CMT Digital, Collab+Currency, Distributed Global, Hashed, Solana Foundation, and Alameda Research Ventures.
2022: Follow-up financing, the amount of which is not disclosed, presumably for AI agent development, ISLAND token launch, and multi-chain integration.
2023: The revenue mainly comes from NFT transaction fees (2.5%), ISLAND token economy (staking rewards, feature unlocking), and brand customization services, the specific amount is not disclosed.
May 2025: The "Legendary Palms" NFT collection market capitalized 0.6060 ETH (about $1,630), with a 24-hour trading volume of 0.7769 ETH (about $2,080), reflecting low liquidity. As of June 2025, the company has no debt record, with $20 million in financing to support operations in 2023, and LinkedIn (697 followers, 2023) reporting active business. The contraction of the NFT market in 2023 (95% of NFT collectibles value to zero, industry TVL declines) may affect revenue, and Nifty Island diversifies the risk with free islands, AI proxy innovation, and multi-chain support (Solana, Ronin plans). No balance sheet, earnings or specific revenues were disclosed, and no new financing plans were reported in 2023.
★ Future Roadmap
Nifty Island has not disclosed a detailed future roadmap based on 2023 and 2024 activities, and the following are known plans:
Chain Integration: Solana support will be added in 2024, Ronin (Ethereum sidechain) is planned to be integrated in 2024, and Ethereum, Polygon and BNB Chain have been integrated in 2023 with the goal of reducing transaction costs.
AI Agent Expansion: The AI framework will be launched in December 2023, and in 2024 it is planned to enhance custom AI agent functions (such as more complex on-chain behaviors, game tasks), and in 2023, Luna and AgentYP will be supported.
Token economy optimization: ISLAND token will be launched in January 2024, and token use cases (such as cross-chain staking, in-game payment) will be added in 2024, and governance voting will be supported in 2023.
Game content growth: Support for user-generated content (UGC) in 2023, more multiplayer modes and challenges planned for 2024, and the launch of the "Blooms" reward system in 2023.
Market expansion: Focus on North America and Asia in 2023, deepen Europe and South America in 2024, and attract new users through Solana and Ronin integration in 2023. The specific implementation may be affected by NFT market fluctuations, blockchain technology development, or regulatory changes, and new funding plans or specific goals (such as user growth or revenue) for 2023 or 2024 are not disclosed. In 2023, Nifty Island said via Twitter (@Nifty_Island, December 2023) that it would continue to invest in AI and Web3 game innovation, confirming the launch of the ISLAND token in January 2024, without providing a detailed timeline.
★ Strategic cooperation ecology
Nifty Island has partnered with
OpenSea: Integrate OpenSea API in 2023 to support NFT marketplace transactions, optimize liquidity in 2023, and "Legendary Palms" trading volume of 0.7769 ETH in May 2025.
MetaMask: Support MetaMask wallet connection in 2023, and optimize AI proxy on-chain transactions in December 2023.
PancakeSwap: Support ISLAND token trading (ISLAND/USDC) in 2023 and launch in January 2024 to provide liquidity.
Binance Labs: Participated in a seed round on November 30, 2021, provided strategic support in 2023, and raised $20 million on November 30, 2021.
Arrington Capital、CMT Digital、Collab+Currency、Distributed Global、Hashed、Solana Foundation、Alameda Research Ventures: Seed round in 2021 and follow-up financing in 2022, marketing support in 2023, the specific amount was not disclosed.
Alchemy: Promoted through the Alchemy Dapp Store in December 2023 (NFT Tools category), the scale of the collaboration in 2023 is not disclosed.
Ronin: In 2024, it plans to integrate the Ronin chain (Ethereum sidechain), but the specific progress is not disclosed in 2023. In 2023, Nifty Island will work with NFT project parties (such as undisclosed Web3 brands) to develop customized content, and the specific list is not disclosed. No direct partnerships with traditional financial institutions (e.g., banks) or large centralized exchanges (e.g., Coinbase) are reported, with a strategic focus on the Web3 ecosystem and blockchain gaming.
