- Niftable is now a wholly-owned subsidiary of Graph Blockchain (GBLC)
- Graph Blockchain issued a total of 52,000,000 shares to Niftable shareholders
- Niftable provides a platform and expertise for the sale and post-sale NFTs on behalf of charities
- Graph Blockchain provides shareholders with exposure to various areas of Decentralized Finance
- Shares of Graph Blockchain Inc. (GBLC) opened trading at C$0.035
Graph Blockchain (GBLC) has completed its previously announced acquisition of Niftable, a charity-focused non-fungible token company.
Niftable is now a wholly-owned subsidiary of Graph.
Niftable connects charities and artists to the NFT world providing a platform and expertise for the sale and post-sale NFTs on behalf of charities.
Graph Blockchain issued a total of 52,000,000 shares to Niftable shareholders.
Michael Yeung, Founder and President of Niftable, commented on the transaction.
“While NFTs were created to give artists management over their work, this has generated a flurry for art collectors looking to participate. As NFT art speculation increases, a growing number of charities have begun to explore fundraising efforts tied to NFTs. Niftables marries the charities with artists as a way to both reach a broader audience. We are excited to be joining the Graph family of companies adding another element of NFTs to their business.”
Paul Haber, Chief Executive Officer of Graph Blockchain added,
“Graph’s acquisition of Niftable provides us exposure to the charity NFT market, with hundreds of thousands registered charities globally, and will benefit artists to digitally showcase their talents and give them a segue into the world of charities.”
Niftable’s core business is to connect charities and their artists to the NFT world.
Niftable provides the execution of NFTs from creation to the sale and post-sale on behalf of its charity clients.
Graph Blockchain provides shareholders with exposure to various areas of Decentralized Finance.
Shares of Graph Blockchain Inc. (GBLC) opened trading at C$0.035.