A token indiscriminate investment company plans to raise 10 million pounds ($13.7 million) through a listing on the global stock exchange Aquis, Reuters reports.
The company, called NFT Investments, was founded by the co-founders of cryptocurrency mining company Argo Blockchain.
NFT Investments, which is described as an investment vehicle for unique digital artworks, plans to value the company at 25 million pounds ($34.4 million) with the bid.
The NMT market exploded at the end of the year, with some digital artwork selling for as much as $70 million in recent weeks. The whole sector has now grown to over half a billion people in just over three months.
Non-redeemable tokens are different from typical cryptocurrency tokens, such as. B. Bitcoin (BTC), in that they are designed to be unique and not exchangeable with other tokens of their kind. This makes it useless as a transaction currency, but valuable as a symbol of unique ownership. To date, works from a wide range of popular and artistic media have been transferred to the blockchain as NFTs, including drawings, paintings, computer art, music and GIFs.
But not everyone believes that the spin-off industry will continue to exist in its current form. The mainstream media continues to warn of the imminent bursting of the bubble, while prominent figures in the cryptocurrency world fear that NFT technology could become yet another pawn for wealthy celebrities.
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