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Very impressive.
Huge brands,huge numbers and most importantly of all , this is a private Placing so will earn NFT huge money on eventual IPO.
Not at all surprised the Placing went from £10m to £35m.
Can't wait for US OTC listing that saw ARB (NFT cofounders) go from 10p to over 200p.
This is going to be huge.
Yup, I'm VERY impressed with the first investment, great start!
First Investment Made in Leading Luxury Fashion Technology Firm AEON
Executive Board and Management Team to be Paid in Cryptocurrency
NFT Investments, a company specializing in the identification, acquisition, investment, and development of non-fungible tokens ("NFTs"), is pleased to announce it has made its maiden investment by acquiring a stake in AEON International, a leading developer of cutting-edge technology for the luxury fashion industry.
The Company has invested US$1,000,000 in AEON in an oversubscribed private round. NFT Investments joins an exclusive club of existing investors including a NYSE listed Chinese ecommerce giant which has a significant stake. This is the first investment made by the Company since its flotation on the AQSE Growth Market on 16 April 2021.
Based in Hong Kong and operating across Europe, the US and Asia Pacific, AEON uses sophisticated digital solutions to support and innovate supply chain processes in the luxury fashion industry. It has an extensive list of tier one luxury labels and preeminent fashion houses as clients, including but not limited to Louis Vuitton, Givenchy, Balmain, Balenciaga, Gucci, Chloe, Alexander Wang, Michael Kors and many others.
Under its business division AUTHENTIQUE, AEON's offering includes NFT based verification technology that is being used to strengthen product authentication for designer goods and combat luxury counterfeiting. The global market in counterfeit goods is valued at over US$450 billion and is a great cost to the fashion industry. Beyond this, AUTHENTIQUE is also applying NFT technology to open new revenue streams through minting unique fashion NFTs and by using smart contracts written into NFTs to grant original product manufacturers ongoing royalties for each physical product resold. The global resale market is currently estimated to be more than US$50 billion, access to this lucrative market will be a first for luxury brands.
AEON is supported by an experienced management team and is led by fashion industry veteran Simon P Lock. Simon is the founder of Australian Fashion Week and former SVP & MD of IMG Fashion & Models and has been at the cutting edge of digital innovation in the industry globally for 20 years.
NFT Investments is also pleased to announce that it will pay the salaries and bonuses of its Board and management team entirely in cryptocurrency with immediate effect. NFT Investments will convert salaries from fiat to ETH at the spot rate on the last day of the month.
Jonathan Bixby, Executive Chairman of NFT Investments, said: "AEON is a pioneer in fashion technology that is leading the way in demonstrating the concrete benefits that NFTs can bring the fashion industry. The market opportunity for NFTs in the industry is huge, beyond using NFTs to establish digital ownership and verify the transfer of luxury products, AEON is also advancing the frontier of digital-first fashion products using NFTs. We expect this to be a g
This is EXACTLY the type of Crypto investment i was looking for.
Entry into some of the most exciting crypto stocks in the World *BEFORE* they IPO. This is where the BIG money is.
Best of all the investments are chosen on my behalf by a superb and very well financed Board who know exactly what cryptos to invest in because i have absolutely no clue where to invest in cryptos as hundreds of companies are starting to appear with "blockchain" in their name just to fleece investors.
I can just invest in this and the other two ARB cofounder IPOs in the coming weeks and just let them get on with it all.
Just perfect for a virgin crypto investor like myself.
A great future ahead.