Reuters reported that the company, which is investing in non-exchangeable tokens, is preparing to raise 10 million pounds ($ 13.7 million) with a global listing on the Aquis exchange.

The company, called NFT Investments, was founded by the founders of the crypto-mining company Argo Blockchain.

Touting NFT Investments as an investment tool for unique digital artworks, it expects the investment to value the company at £ 25m ($ 34.4m).

The NFT market grew earlier this year, with some digital artworks selling for $ 70 million in recent weeks. In just three months, the industry as a whole had reached more than half a billion dollars.

Non-instinctive tokens differ from typical cryptocurrency tokens like Bitcoin (BTC) in that they are designed to be unique and not innate with other tokens of a similar nature. This makes them useless as transactional currencies, but valuable as indicators of sole proprietorship. To date, works from many popular and artistic media have been migrated to blockchain like NFT, including but not limited to graphics, paintings, computer art, music, and GIFs.

However, not everyone believes that the outgoing industry will remain the same. Noise from mainstream media continues to warn of an impending burst bubble, while popular cryptocurrency numbers express concern that NFT may be just another game for the wealthy celebrity.

Source: CoinTelegraph

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