A lately shaped funding automobile specializing in non-fungible token (NFT) investments has raised £35 million earlier than bills through a listing on the Aquis Stock Exchange Growth Market in London.
NFT Investments, which had initially targeted a raise of £10 million, claims the bigger sum of cash units a document for the biggest quantity raised on the Aquis Stock Exchange (AQSE). The elevate provides the corporate a market capitalization of £50 million, double the valuation it had sought at the beginning of April.
“It is deeply gratifying to obtain sturdy curiosity from a variety of institutional and personal traders who share our perception within the huge development potential for NFTs, simply because the cryptocurrency sector has proven thus far. We have upsized our supply to broaden and democratize entry to this hard-to-reach market,” mentioned Jonathan Bixby, govt chairman of NFT Investments.
The firm’s shares will start buying and selling on the AQSE on April 16.
Incorporated on March 3 this yr, NFT Investments was launched by the co-founders of Argo Blockchain, a London-listed crypto mining firm valued at greater than $1 billion.
Now leaping on the NFT bandwagon, Bixby informed The Block in a latest interview that NFT Investments will take a three-pronged method to investing within the area.
A 3rd of its funds shall be spent shopping for, promoting and storing NFTs from the gaming and artwork sectors; a 3rd shall be invested into infrastructure corporations, resembling Dapper Labs and Rarible; with the ultimate third spent on buying the NFT-linked digital rights of celebrities.