Crypto-focused venture fund Pluto Digital Assets получит листинг on the British alternative trading system Aquis as a result of NFT Investments’ reverse takeover.
Both companies are linked to the founders of the mining company Argo Blockchain.
NFT Investments will issue shares valued at £96m ($130m) for the benefit of Pluto’s shareholders, granting them a 70.5% stake in the combined company.
Pluto Digital Assets has established a subsidiary, Pluto V, which invested in various Web 3.0 and NFT projects. The division acquired a strategic stake in game development studio Maze Theory, focused on VR, PC/consoles and mobile devices. The next step will be to create blockchain games on a play-to-earn model.
In April 2021 NFT Investments attracted £35m.
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