Quick take:
- The shares are listed on the Frankfurt Stock Exchange.
- Trading begins today under the symbol “8LO.”
- This new listing provides additional visibility for shareholders and investors.
Canadian Web3 technology and investment company, NFT Tech, announced today the successful listing of its common shares for trading in Europe. The shares are listed on the Frankfurt Stock Exchange under the symbol “8LO” and trading begins today.
This new listing NFT Tech’s launch on the NEO Exchange, a Canadian stock exchange, on May 25. NFT Tech says that the new listing provides additional visibility for shareholders and investors.
“Europe is a leader in blockchain and cryptocurrency innovation, making it a natural choice for our next listing venue. With a significant number of projects we’re participating in coming out of Europe we’re very excited to allow European investors to participate alongside our success,” said Wayne Lloyd, Executive Chairman of NFT Tech.
According to European venture capital firm, Rockaway Blockchain Fund, 10 of the top 30 cities for Web3 job listings are in European cities, including Berlin, Amsterdam and Zurich.
NFT Tech says that current trends now indicate that thought leaders in the EU are looking more and more toward Web3 as the future of decentralized ownership and control of data.
The company believes that the ownership of non-fungible and fungible tokens in Web3 works to address what is often viewed as the main problem of centralised networks where value is accumulated by one firm.
However, according to a report by Coindesk, new European Union rules could force NFT issuers to centralise and register under the Markets in Crypto Assets Regulation, or MiCA’s rules as the European Parliament seeks to crack down on money laundering schemes in the NFT space.
Despite that, NFT Tech remains optimistic as the MiCA regulation could set a clear framework for Web3 companies to operate in the region.
“We believe being listed in Europe also extends our opportunity to work with more projects and companies, Canada is amazing but to some project founders being listed in a region they can tangibly interact with adds even more credibility to NFT Tech,” Lloyd adds.
NFT Tech invests in and develops infrastructure, assets, real estate and IP in the metaverse, build and generate revenue from P2E and M2E games, and bring insights and benefits to the public markets.
By bridging the gap between traditional capital markets and the Web3 space, NFT Tech aims to mainstream decentralised ownership, NFTs, and the metaverse. Current projects include founding the GOAT Guild, Fuku and a recent partnership with Elvis On-Chain.
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