NFT Investments PLC Capital investment into Sturdy Exchange (2717O)
October 08 2021 - 2:00AM
UK Regulatory
TIDMNFT
RNS Number : 2717O
NFT Investments PLC
08 October 2021
Press Release
8 October 2021
NFT Investments PLC
("NFT Investments" or the "Company")
Capital investment into NFT marketplace Sturdy Exchange
NFT Investments PLC, (AQSE: NFT), an incubator specialising in
the market for non-fungible tokens ("NFTs") , is pleased to
announce an investment of US$1.4million into Sturdy Exchange, a
marketplace to display, collect and trade NFTs created by artists
and performers.
The investment is being made as part of a seed round to raise a
total of $20 million by Sturdy Exchange, which is incorporated in
the US.
Sturdy Exchange was founded to help artists and world class
entertainers to collaborate and display one-of-a-kind NFTs. The
platform will allow artists to mint NFTs and distribute directly to
their fans. Users will be able to interact with their favourite
artists, collecting special NFTs with album rollouts, tours,
merchandising, or resell their collections in the Sturdy Exchange
Marketplace.
Sturdy Exchange is a subsidiary of Sturdy Agency, a creative
agency that works with top tier artists and movie production
companies. Their clients include, but are not exclusive to, rapper
Drake, singer Selena Gomez, singer and songwriter Shawn Mendez and
rapper Kendrick Lamar. Sturdy Exchange will work with Sturdy Agency
to on-board artists into the platform and help them drop their
NFTs.
Sturdy Exchange will be using Flow Network, an open network
blockchain, to issue NFTs.
Jonathan Bixby, Executive Chairman of NFT, said: "I am delighted
to announce our partnership with Sturdy Exchange, our fourth
investment since our IPO. The demand for NFT generation in the
music and entertainment industry is surging and Sturdy Exchange
provides an exciting opportunity to work closely with high profile
musicians and entertainers. By building on the Flow Network, Sturdy
Exchange will be able to help democratise access to NFT's at
affordable price entry points, providing users with an accessible
platform to engage with and support their favourite artists."
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
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First Sentinel
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Corporate Adviser
Brian Stockbridge +44 7876 888 011
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Tennyson Securities
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Corporate Broker
Peter Krens +44 207 186 9030
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Novum Securities
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Corporate Broker
Colin Rowbury
Jon Belliss +44 207 399 9427
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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
------------------------------
About NFT Investments:
NFT Investments plc is an incubator specialising in the market
for 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/
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