REG - Online Blockchain - Corporate Update

Online BlockchainAnnouncement

30/01/2023 07:00

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RNS Number : 1539O  Online Blockchain PLC  30 January 2023

For immediate release

 30 January 2023

 

Online Blockchain PLC

("Online" or the "Company")

Corporate Update

 

The Board of Online Blockchain plc (LSE: OBC) announces the planned launch of
a new non-fungible token ("NFT") project based on The Rocky Horror Show.
Online has entered into a worldwide licence with Interfishnet Limited, rights
holders of The Rocky Horror Show intellectual property, to create and market a
range of character NFTs.

 

Non-fungible tokens (NFTs) are cryptographic assets on a blockchain, with
unique identification codes and metadata that distinguish them from each other
and are directly linked to one blockchain address. Non-fungible tokens
comprise a smart contract which can digitally represent any asset, including
online-only assets like digital artwork and collectibles.

 

Online's developers have created a number of collectible character-based NFTs
from The Rocky Horror Show and, under the terms of the licence agreement (for
an unlimited period), Online will receive a revenue share from sales of the
NFTs. The Company plans to launch the marketing of The Rock Horror Show NFTs
shortly. Shareholders should note that the commercial development of The Rocky
Horror Show NFTs is at an early stage and there is no certainty at this time
how it may develop or to what extent any income will be derived.

 

Clem Chambers, CEO of Online, said: "we believe that The Rocky Horror Show has
significant potential for NFTs and we look forward to working with
Interfishnet. This year is the 50th Anniversary of the first performance of
The Rocky Horror Show and we are delighted with the prospect of bringing these
NFTs to market at this time."

 

A copy of this announcement is available on the Company's website at:
www.onlineblockchain.io (http://www.onlineblockchain.io/) .

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014. The person who arranged for the release of this announcement on
behalf of the Company was Clement Chambers, Director.

Enquiries:

For further information please contact:

 Online Blockchain PLC                                         +44 20 3868 670203

 Clement Chambers

 Beaumont Cornish Limited (Nominated Adviser)                +44 (0) 207 628 3396

 www.beaumontcornish.com (http://www.beaumontcornish.com/)
 Roland Cornish/Michael Cornish

 Throgmorton Street Capital  (Joint Broker)                  +44 (0)203 0112 309

 Monecor (London) Ltd (Joint Broker)                         +44 (0)207 392 1436

 Elliot Hance

 Cassiopeia Ltd (Investor Relations)                         stefania@cassiopeia-ltd.com (mailto:stefania@cassiopeia-ltd.com)

 Stefania Barbaglio

 
About Online Blockchain plc (LSE: OBC)
Online (
www.onlineblockchain.io (http://www.onlineblockchain.io/)
) is a UK-based incubator and developer of businesses in internet and information-based technologies, including developers, administrators and custodians of blockchains and cryptocurrencies. The Company created ADVFN www.advfn.com and has a holding of 11.51% in ADVFN plc.
 
Online  continues to consider new related opportunities and particularly crypto currencies and blockchain-based opportunities including incubating cryptocurrency start-ups and developing technical innovation in the blockchain space.
 
Glossary
 

"blockchain" is a distributed public digital ledger in which transactions are
recorded chronologically

 

"cryptocurrency" is a digital currency in which encryption techniques are used
to regulate the generation of units of currency and verify the transfer of
funds, operating independently of any central bank

 

 

ENDS

 

 

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