RNS6 Jan 2021 16:38
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to announce that the Company has sold its remaining holding of FUN tokens in the FunFair (“FUN”) project, at an average price of US$0.02027 per FUN token, generating proceeds of US$1,281,608.60. The FUN tokens were acquired at an average price of USD $0.00667 per FUN during the project's initial funding round.
George McDonaugh, Managing Director and Co-Founder of KR1, commented:
“With the recent market activity and the rather mature stage of technical development of the FunFair project, it was the right time to look to other opportunities and capitalise on the speed of innovation in the wider blockchain ecosystem. FunFair has been a successful investment for KR1 as one of the earliest supporters of the team, and we continue to be impressed by their continued level of innovation and experience in the gaming world.”
The Directors of KR1 plc accept responsibility for this announcement.