As we all know, non-fungible tokens (NFTs) have risen to fame all over the world and have booked their place in the multimillion-dollar rankings. In this wise, successful entrepreneurs Mike Edwards and Jonathan Bixby are on their way to launch a shocker on the entire finance world: a public offering on a stock exchange based in the UK. As reported, the initial public offering (IPO) is to be raised for a fund that deals in NFTs.
What Are NFTs?
Abbreviated as NFTs, non-fungible tokens are representations of digital assets using blockchain technology. They are assets that allow investors to possess and trade their desired cryptocurrencies. It must be noted that the total amount of trade in NFTs has risen to about $500 million – an appreciable market value for investment.
Aquis, a London-based Stock Exchange, will be the host for the IPO to be raised by NFT Investments. The strictly-NFT firm disclosed in a press release that it is planning on launching its first-ever IPO by raising an estimated amount of about 10 million pounds by placing 200 million worth of shares at 5 pence each through major units of the Aquis Access Segments.
NFT Investments decided to include its shares on Aquis Stock Exchange following series of considerations from all sides. First, Senitel Corporate Finance will be playing the corporate adviser’s role, and the brokers to watch out for will be Novum Securities and Tennyson Securities.
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The founders have been at the forefront of showcasing NFTs to the world. They deserve accolades for bringing the micro-investment into the spotlight in just a matter of months. According to NFT Investments, investors need to dive into NFTs as it saves them the stress of trying to understand confusing conditions associated with digital assets. In the same vein, popular personalities and big investors are of the opinion that NFTs are the next big thing in the crypto industry. They all agreed to the fact that NFTs are suitable for most crypto platforms, particularly in the area of arts.
However, not everyone is on the side of NFTs. Popular analysts and top business heads have said that it is not advisable to invest in NFTs at times like this.
Negotiations are expected to begin this April.