London, UK, May 17, 2022 (GLOBE NEWSWIRE) — As a unique digital asset, NFT has been criticized by the market for its valuation and liquidity, although its turnover has grown exponentially over the 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 become the center of attention in the NFT market, with a valuation of US$2 billion. The mortgage auction business was launched with the full support of UK EARL INTERNATIONAL AUCTION LTD. This endeavor aims to break the liquidity of the NFT market and establish a perfect price evaluation system, which is of great importance in changing the financial attributes of the entire NFT field.
The company made an early foray into the NFT space, quickly seized the opportunity of this market, and became the leader in the NFT mortgage auction space. On the other hand, the metaverse start-up REVA has set up a board of directors with a solid composition, including the world’s best financiers from Viking, the 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 consisting of digital art appreciation experts, blockchain technology experts, NFT technology experts and financial analysis experts, offering the REVA’s NFT digital art collection and auction business guarantees a professional, high quality and safe auction transaction. .
Users can mortgage NFT collections, let the valuable idle collections enter the circulation field, and solve the cash flow problem. They can also entrust REVA with the auction of the collections to realize a rapid cash flow. At the same time, they can also get the value-added profit dividends and low-cost remuneration generated by the auction. REVA, as a platform party, provides customers with safe and accurate valuation 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. In 2021, REVA has become one of the most promising crypto startups. Prior to UK EARL INTERNATIONAL AUCTION LTD acquiring REVA, giants in the NFT auction and trading space including Christie’s, Nagel and Opensea conducted acquisition negotiations with REVA. UK EARL INTERNATIONAL AUCTION LTD obtained REVA’s exquisite technology and deep experience in NFT field. Going forward, REVA will maintain an independent brand for its operations and will become a specific platform for UK EARL INTERNATIONAL AUCTION LTD’s NFT market activities. With the support of UK EARL INTERNATIONAL AUCTION LTD, REVA will secure a continued supply of capital, technology and resources. After the acquisition, REVA said the company would expand its technical team, develop the NFT platform, and better serve NFT green groups.
As the investment of global assets in the NFT space has steadily increased, this has created an opportunity for traditional auction houses to compete in the NFT space. Competition in this field has long been in full swing. 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 NFT auctions, related collection and auction collateral activities . After the acquisition of UK EARL INTERNATIONAL AUCTION LTD, REVA’s valuation quickly reached $500 million.
After years of development, NFT has shown unlimited business opportunities and incalculable value in the future. The NFT market is in full swing and more and more people are scrambling to enter the track. NFT verifies the authenticity, scarcity, ownership and stability of assets in geopolitical and financial fluctuations. These unique financial attributes are the great potential and exciting place to change the world of collectibles. As a practitioner in the field of NFT, REVA’s broken mortgage auction business has continuously improved 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 intention of REVA is to enable more NFT participants to have 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.