RE: Pluto Digital29 Sep 2021 12:47
Johnpohn
Maybe you should dyor about ARBs, not PWs, “side hustle “ then you might not feel concerned at the prospect of tens of millions of dollars returns on OUR investment!
Here is something to start you off, from Riverfort’s RNS today.
Pluto is a software technology company and operator in the decentralised finance ("DeFi") and non-fungible tokens ("NFT")/Metaverse (virtual environments) sectors. It is currently developing a DeFi software platform, that provides a highly usable web DeFi portal to open up DeFi to a mass audience. This platform provides vault middleware to find and categorise a set of proprietary DeFi vaults to offer users the ability to generate yield from crypto currencies. Furthermore, Pluto has partnered with a leading NFT metaverse platform and is currently engaging high quality owners of digital media and rights to offer their content to the NFT community. In addition to Pluto's operational activities, it has made further investments in Web3 ventures and has acquired an NFT portfolio including assets such as Cryptopunks, Artblocks and BAYCs.
Pluto has advised the Company that it currently holds treasury assets that include Bitcoin, Ethereum, Polkadot, Cardano and Solana. The company has also advised that its portfolio of venture and treasury assets has been performing well and the company's current NAV per share exceeds 6 pence, the price at which Pluto carried out its most recent fund raise in March 2021. RGO has already achieved a valuation uplift on this investment.
During the summer of 2021, Pluto has been focusing on expanding its product team and forming key partnerships. This work has progressed well and the company now believes that it is well-positioned to proceed with its planned IPO. Pluto also recently entered into a strategic partnership with NFT company Terra Virtua and sports tycoon, Jon Smith OBE to develop sports-focused NFTs. The partnership has already announced an NFT agreement between Terra Virtua and the Indian Super League which was facilitated by the partnership. The understanding and awareness of NFTs and their potential has been rapidly gaining traction and the partnership has been established to capitalise on the growing demand in the NFT sector.