NFT Investments PLC Investment into real estate platform Blimp Homes (7608K)
September 06 2021 - 2:00AM
UK Regulatory
TIDMNFT
RNS Number : 7608K
NFT Investments PLC
06 September 2021
Press Release
06 September 2021
NFT Investments PLC
("NFT Investments" or the "Company")
Capital investment into real estate platform Blimp Homes
NFT Investments PLC, (AQSE: NFT), an investment company
specialising in non-fungible tokens ("NFTs") , is pleased to
announce an investment of US$700,000 into Blimp Technologies Inc.,
trading as Blimp Homes ("Blimp"), a first-of-its-kind,
decentralised real estate collaboration and search platform.
The investment is being made as part of a US$1 million private
equity fund-raising by Blimp, which is incorporated in Canada.
Blimp's platform rewards homebuyers, sellers, and real estate
professionals for collaborating and contributing value to a
tokenised network established by the Home Network Foundation (
"Foundation"). It assists all parties in a property transaction
with seamless searching, communication, and transaction features,
while incentivising them with digital tokens.
Blockchain technology represents an opportunity to restructure
inefficiencies in the real estate market with regards to
intermediary involvement and a lack of data transparency
surrounding leads and transactions. The HOME Token builds on
decentralised blockchain technology and acts as a reward to align
value flows more broadly and fairly in the transactional
ecosystem.
Matt Shaw, co-founder and chief executive of Blimp, said: "The
traditional real estate model is fundamentally broken. By
empowering customers, real estate agents, and other professionals
to engage in direct, peer-to-peer collaboration, we can eliminate
many of the stresses, delays, and disappointments that plague the
homebuying process, and we are proud to have the support of NFT
Investments in our pursuit of reinventing how homes are bought and
sold ."
Jonathan Bixby, Executive Chairman of NFT, said: "I am very
pleased to announce our investment into Blimp Homes and our second
investment to date. Blimp is operating in a fast-growing area that
will bring the much-needed benefits of a decentralised marketplace
to the real estate sector creating more transparency and
efficiency. This technology has wide-ranging benefits and the
potential to revolutionise the house buying process and generate
significant value. We are proud to invest in Blimp."
For further information please contact:
NFT Investments
Jonathan Bixby via Tancredi +44 207 887 7633
Executive Chairman
Neil Thapar
Investor Relations +44 7876 455 323
------------------------------
First Sentinel
------------------------------
Corporate Adviser
Brian Stockbridge +44 7876 888 011
------------------------------
Tennyson Securities
------------------------------
Corporate Broker
Peter Krens +44 207 186 9030
------------------------------
Novum Securities
------------------------------
Corporate Broker
Colin Rowbury
Jon Belliss +44 207 399 9427
------------------------------
Tancredi Intelligent Communication
Media Relations
------------------------------
Salamander Davoudi
Helen Humphrey +44 7957 549 906
Edward Daly +44 7449 226 720
nftinvestments@tancredigroup.com +44 7861 430 057
------------------------------
NOTES TO EDITORS:
-- Decentralised Finance is an ecosystem of decentralised
applications enabling anyone with an internet connection to access
a variety of financial products and services spanning crypto asset
exchange, margin trading, financial derivatives, synthetic assets,
algorithmic trading, and lending markets.
-- NFT Investments plc is an investment company specialising in
non-fungible tokens ("NFTs") and is the first ever NFT vehicle to
list in a major jurisdiction worldwide. The Company invests in a
diversified portfolio of NFTs, cryptocurrency, and/or in companies
or funds which have exposure to NFT or blockchain technology. The
Company's leadership team have an extensive track record in the
cryptocurrency sector and previously founded Argo Blockchain PLC, a
global crypto miner. NFT Investments is headquartered in London, UK
and its shares are listed on the Aquis Exchange Growth Market under
the ticker symbol NFT. https://www.nftinvest.pro/
-- Blimp Homes is a collaborative platform that enables
homebuyers, sellers, and real estate professionals to seamlessly
connect and communicate on all aspects of real estate transactions.
To learn more, visit https://blimphomes.com/
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