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NFT Investments makes maiden investment in non-fungible token space
The company has invested US$1mln in AEON, which offers non-fungible token-based verification technology to strengthen product authentication for designer goods and combat luxury counterfeiting
NFT Investments PLC (LON:NFT) said it made its maiden investment in the non-fungible token (NFT) space by acquiring a stake in AEON International, a technology developer for the luxury fashion industry.
The company said it invested US$1mln in AEON through an oversubscribed funding round, joining other significant investors including an NYSE-listed Chinese ecommerce giant.
Based in Hong Kong and operating across Europe, the US and the Asia Pacific, AEON uses digital solutions to support and innovate supply chain processes in the luxury fashion sector, with clients including Louis Vuitton, Givenchy, Gucci and Michael Kors. ....

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