NFT Investments has announced plans to list its shares on the UK’s alternative trading system Aquis, Bloomberg reports.
The firm was founded by Argo Blockchain founders Jonathan Bixby and Mike Edwards. It invests in non-fungible tokens (NFTs). If listed, it would become the first public company in this sector.
NFT Investments plans to raise 10 million pounds sterling ($13.8 million), offering 200 million shares at 5 pence each. If realized, the valuation would be 25 million pounds ($34.4 million).
“Investors’ funds will go into the hands of professionals who understand the NFT market and have already made big money in blockchain-related businesses,” said Bixby.
According to CoinDesk, the funding will be directed into both the NFTs themselves and into companies or funds that invest in the sector.
Earlier, the SEC commissioner warned that selling fragmented NFTs and their index baskets could violate the law.
Earlier, Dragonfly Capital opened a venture fund with $225 million in capital to invest in NFTs and DeFi.
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