London, UK, May 17, 2022 (GLOBE NEWSWIRE)-As a unique digital asset, NFT has been criticized by the market for its valuation and liquidity, even though its turnover has grown significantly over the past two years. Recently, REVA, a blockchain company acquired by UK EARL INTERNATIONAL AUCTION LTD, launched an NFT mortgage auction business. Since its launch, REVA has been the center of attention in the NFT market, with a value of US $ 2 billion. The mortgage auction business was launched with the full support of UK EARL INTERNATIONAL AUCTION LTD. This effort aims to break up the liquidity of the NFT market and establish a complete price valuation system, which is critical to changing the financial characteristics of the entire NFT field.
The company made an early foray into the NFT arena, quickly seized the opportunity in this market, and became the leader in the NFT mortgage auction space. On the other hand, metaverse start-up REVA has built a board of directors with a strong composition, including the world’s best financiers from Viking, senior auctioneers from UK EARL INTERNATIONAL AUCTION LTD and the best artists in the world. . At the same time, REVA has set up a core operational team comprised of digital art appreciation experts, blockchain technology experts, NFT technology experts and financial analysis experts, offering REVA’s NFT digital art collection and auction business guaranteed professional , high quality and safe auction. transaction. .
Users can pledge NFT collections, allow valuable collections to enter the field of circulation, and solve the cash flow problem. They can also hand over to REVA the auction of collections to achieve faster cash flow. At the same time, they can also get the added income dividends and short -term payments made at auction. REVA, as a platform party, provides customers with secure and accurate pricing services and easy and efficient trade matching.
REVA was founded in 2019. Although it is a start-up, it has long been known in the field of NFT. By 2021, REVA will become one of the most promising crypto startups. Before UK EARL INTERNATIONAL AUCTION LTD acquired REVA, NFT auction and trading area giants including Christie’s, Nagel and Opensea were in negotiations to acquire REVA. UK EARL INTERNATIONAL AUCTION LTD has acquired REVA’s excellent technology and deep experience in the field of NFT. Going forward, REVA will continue to be an independent brand for its operations and will be a specific platform for the NFT market activities of the UK EARL INTERNATIONAL AUCTION LTD. With the support of the UK EARL INTERNATIONAL AUCTION LTD, REVA will get a continuous supply of capital, technology and resources. Following the acquisition, REVA said the company will expand its technical team, improve the NFT platform, and better serve NFT green groups.
As global investment in NFT space properties continues to increase, it has created an opportunity for traditional auction houses to compete in the NFT space. The competition in this field has been growing for a long time. From the stage when the concept of NFT was born, the giants of the traditional auction industry saw the great potential of NFT in the future financial field. UK EARL INTERNATIONAL AUCTION LTD reportedly spent US $ 50 million to acquire REVA and incorporated REVA, a Metaverse start-up, into its wholly-owned subsidiary, which is responsible for the NFT auctions, related collection and auction collateral activities. Following the acquisition of UK EARL INTERNATIONAL AUCTION LTD, REVA’s value quickly reached $ 500 million.
After years of development, NFT has shown endless business opportunities and countless value in the future. The NFT market is in full motion and more and more people are scrambling to get on track. NFT confirms the authenticity, scarcity, ownership and resilience of assets in geopolitical and financial fluctuations. These unique financial qualities are the great potential and exciting place to change the world of collectibles. As a practitioner in the field of NFT, REVA’s failed lending auction business continues to improve the intrinsic value and standardization of NFT. At the same time, REVA’s own value has also increased and the valuation is expected to reach US $ 2 billion. The original purpose of REVA was to provide more NFT participants with more equal opportunities and, through incentives, to make users more motivated to participate in the NFT ecology.
This is not investment advice. Please do your own research when investing in a project.