Manchester-based startup Digital Oracles has got a new name as it has intellectual property (IP) plans with an NFT platform beta launch in September.
Now called Niftyz, the firm had recently featured in our ‘Fintech Companies in Manchester to Watch’ under its old name.
The company intends to offer its NFT platform for UK businesses, so they can turn their ideas into new sources of income as part of the IP distribution process.
Niftyz creates new digital property NFTs from assets users already own – such as documents, deal flows, events, communities and even knowledge. The new platform will use Niftyz’s Web3 infrastructure.
The tech firm explains: “From marketing briefs to creative pitches, free audits to process guides – not forgetting all those startup decks and roadmaps – there is a digital trail of stuff that goes unpaid.
“The business pitches and deals of the future might not involve ZIP files, PDFs or PowerPoint, none of which were invented in a mobile-first world, let alone an AI-first, quantum computing decade.”
- A city of ideas – check out ‘Tech Companies in Manchester to Watch’ here
Company founder Sara Simeone and her British-European team are planning a Q4 launch with support from the likes of industry players Animoca Brands and Brinc.
The startup is in a confident mood and has some interesting views to share.
Niftyz adds: “In 1995 while on a US talk show Bill Gates was asked by David Letterman to give use cases for this new thing called The Internet. Gates lacked a convincing argument and was laughed at by the audience.
“Fast forward to 2022 and when asked about NFTs most people would associate it with art or metaverse fashion at a stretch. Real world examples are lacking because cutting edge Web3 infrastructure has not been readily available for the B2B space until now. Niftyz is here to change that.
“If you thought NFTs were just for art and bored ape enthusiasts, then you thought wrong. That was just the starting pistol. Once upon a time folks said PayPal was only for scams. Look how that turned out.”
Niftyz is targeting startups, legal and financial firms, emerging brands and agencies with its new plan. We’ll have to wait and see how that all turns out.
As well as tapping into the NFT craze, Niftyz has the green scene on its mind. It will enable users of its new platform to mint B2B NFTs using the “most carbon-friendly” blockchain options.