Investment into real estate platform Blimp Homes

Phoenix Digital Assets

06/09/2021 07:00

RNS Number : 7608K

NFT Investments PLC

06 September 2021

 

Press Release

06 September 2021 

 

 

NFT Investments PLC

 

("NFT Investments" or the "Company")

 

Capital investment into real estate platform Blimp Homes

 

NFT Investments PLC, (AQSE: NFT), an investment company specialising in non-fungible tokens ("NFTs"), is pleased to announce an investment of US$700,000 into Blimp Technologies Inc., trading as Blimp Homes ("Blimp"), a first-of-its-kind, decentralised real estate collaboration and search platform. 

 

The investment is being made as part of a US$1 million private equity fund-raising by Blimp, which is incorporated in Canada.

 

Blimp's platform rewards homebuyers, sellers, and real estate professionals for collaborating and contributing value to a tokenised network established by the Home Network Foundation ("Foundation"). It assists all parties in a property transaction with seamless searching, communication, and transaction features, while incentivising them with digital tokens.    

 

Blockchain technology represents an opportunity to restructure inefficiencies in the real estate market with regards to intermediary involvement and a lack of data transparency surrounding leads and transactions. The HOME Token builds on decentralised blockchain technology and acts as a reward to align value flows more broadly and fairly in the transactional ecosystem.

Matt Shaw, co-founder and chief executive of Blimp, said: "The traditional real estate model is fundamentally broken. By empowering customers, real estate agents, and other professionals to engage in direct, peer-to-peer collaboration, we can eliminate many of the stresses, delays, and disappointments that plague the homebuying process, and we are proud to have the support of NFT Investments in our pursuit of reinventing how homes are bought and sold."

Jonathan Bixby, Executive Chairman of NFT, said: "I am very pleased to announce our investment into Blimp Homes and our second investment to date. Blimp is operating in a fast-growing area that will bring the much-needed benefits of a decentralised marketplace to the real estate sector creating more transparency and efficiency. This technology has wide-ranging benefits and the potential to revolutionise the house buying process and generate significant value. We are proud to invest in Blimp."

For further information please contact:

NFT Investments
Jonathan Bixby
Executive Chairman
Neil Thapar
Investor Relations
via Tancredi +44 207 887 7633
+44 7876 455 323
First Sentinel
Corporate Adviser
Brian Stockbridge
+44 7876 888 011
Tennyson Securities
Corporate Broker
Peter Krens
+44 207 186 9030
Novum Securities
Corporate Broker
Colin Rowbury
Jon Belliss
+44 207 399 9427
Tancredi Intelligent Communication
Media Relations
Salamander Davoudi
Helen Humphrey
Edward Daly
nftinvestments@tancredigroup.com
+44 7957 549 906
+44 7449 226 720
+44 7861 430 057

 

 

NOTES TO EDITORS:

·    Decentralised Finance is an ecosystem of decentralised applications enabling anyone with an internet connection to access a variety of financial products and services spanning crypto asset exchange, margin trading, financial derivatives, synthetic assets, algorithmic trading, and lending markets.

·    NFT Investments plc is an investment company specialising in non-fungible tokens ("NFTs") and is the first ever NFT vehicle to list in a major jurisdiction worldwide. The Company invests in a diversified portfolio of NFTs, cryptocurrency, and/or in companies or funds which have exposure to NFT or blockchain technology. The Company's leadership team have an extensive track record in the cryptocurrency sector and previously founded Argo Blockchain PLC, a global crypto miner. NFT Investments is headquartered in London, UK and its shares are listed on the Aquis Exchange Growth Market under the ticker symbol NFT. https://www.nftinvest.pro/

·    Blimp Homes is a collaborative platform that enables homebuyers, sellers, and real estate professionals to seamlessly connect and communicate on all aspects of real estate transactions. To learn more, visit  https://blimphomes.com/

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