Valereum RNS announces there NFT ambitions3 Apr 2023 12:48
RNS issued by Valereum Plc - VLRM
31 March 2023
Valereum Plc
(“Valereum” or the “Company”)
Group Update and Issue of Shares in Subsidiary
Valereum Plc, the Gibraltar technology group, is pleased to announce that it has issued a total of
11,280 new ordinary shares of 0.0001 pence in its subsidiary Valereum Collections Ltd (the
“Collections Shares”) at a price of £6.25 per share. This raises £70,500 and Valereum now owns
99.8% of Valereum Collections Ltd. These shares will not be listed.
As previously mentioned, NFTs are an important part of the group’s strategy in addition to the
Gibraltar Stock Exchange (“GSX”) acquisition and Valereum Collections is the subsidiary which
will be used to operate the group’s NFT program. This program will cover the linking of NFTs to
real world assets in conservation and motorsport. Using a blockchain provider Valereum
Collections will appeal to all age groups by providing payment methods using both crypto and fiat
currency.
According to a report released by the consulting and global research firm VMR (Verified Market
Research), the overall value of the NFT market is expected to rise to $231 billion by 2030.
Further details about the assets and how the NFT program will function will be made later in the
year.
The NFT project is separate from the group’s intended purchase of the balance of the GSX and
Valereum Plc will make further announcements in relation to this as the transaction progresses. It
will be crucial in creating the foundation of a new international network headquartered in Gibraltar.
Valuation pre-build and with no clients is £35.25m...
Looks cheap.
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