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NFT Investments publishes first results since London IPO

CryptocurrencySep 30, 2021 13:47
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© Reuters.

By Samuel Indyk

Investing.com – NFT Investments (AQUIS:NFT), the investment company specialising in non-fungible tokens (NFTs), has announced its first set of results since its IPO on the London’s AQSE Growth Market on 16th April.

The company did not record any revenue during the period as the company remains in its start-up phase, with losses increasing to £2.05 million from £0.04 million previously, reflecting costs relating to the start-up of operations and two separate fundraising rounds.

The company held cash and cash equivalents of £29.3 million on 30th June, reflecting the fundraising proceeds.

“I am very pleased with our successful flotation on the AQSE Growth Market which provided NFT Investments with the capital and credibility to be an early investor in the rapidly growing global market of NFTs,” said NFT Investments Executive Chairman Jonathan Bixby.

Recent Investments

During the period to 30th September, the company made two equity investments. The first was a $1 million investment in AEON International, a developer of technology for the luxury fashion industry.  The second investment totalled $0.7 million and was made into Blimp Technologies, a decentralised real estate collaboration and search platform.

Despite the volatility in cryptocurrency markets and the digital assets sector, the company said progress is being made to execute on the investment strategy and is continuing to evaluate a significant number of new investment opportunities.

“We have already made two investments and continue to actively pursue a range of exciting new opportunities that meet our investment criteria and due diligence process,” Bixby added.

“While the NFT and digital assets sector has recently seen a volatile investment environment, the Board's prudent and highly selective strategy has put NFT in a strong position to deploy capital for generating long term and sustainable returns for shareholders.”

NFT Investments publishes first results since London IPO
 

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