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 sales have grown exponentially over the past two years. Recently, REVA, a blockchain company acquired by UK EARL INTERNATIONAL AUCTION LTD, launched NFT Mortgage Auctions. Since its launch, REVA has become the center of attention in the NFT market, valued at $2 billion. The mortgage auction business has been launched with the full support of UK EARL INTERNATIONAL AUCTION LTD. This endeavor aims to break the liquidity of the NFT market and create an ideal price evaluation system, which is of great importance in changing the financial characteristics of the entire NFT field.
The company made an early foray into the NFT space and quickly seized this market opportunity, becoming a leader in the NFT mortgage auction space. On the other hand, the metaverse startup REVA has built a strong bitcoin board of directors, including the world’s best funders from Viking, top auctioneers from UK EARL INTERNATIONAL AUCTION LTD, and the world’s best artists. At the same time, REVA has built a core operational team consisting of digital art estimators, blockchain technology experts, NFT technology experts and financial analysis experts, providing REVA’s NFT digital arts and auction house suite that ensures professional, high-quality auctions and a secure commercial operation. .
Users can pawn the NFT collections, let the valuable passive collections enter the trading field, and solve the cash flow problem. They can also commission REVA to auction collections for fast cash flow. At the same time, they can also get value-added dividend earnings and low-cost rewards generated by the auction. REVA, as a primary party, provides clients with easy and efficient safe, accurate, trade matching and appraisal services.
REVA was founded in 2019. Although it is a startup company, it has been known for a long time in the field of NFT. In 2021, REVA became one of the most promising crypto startups. Prior to UK EARL INTERNATIONAL AUCTION LTD’s acquisition of REVA, NFT auction and commercial space giants including Christie’s, Nagel and Opensea conducted acquisition negotiations with REVA. UK EARL INTERNATIONAL AUCTION LTD has acquired REVA’s remarkable technology and profound experience in the field of NFT. Henceforth, REVA will maintain an independent branding of its operations and will become the defining platform for UK EARL INTERNATIONAL AUCTION LTD’s NFT market activities. With the support of UK EARL INTERNATIONAL AUCTION LTD, REVA will secure a continuous supply of capital, technology and resources. After the acquisition, REVA said the company will expand its technical team, develop the NFT platform, and better serve NFT green clusters.
With the steady increase in global asset investment in the NFT space, this has created an opportunity for traditional auction houses to compete in the NFT space. The competition in this field has always been in full swing. Since the stage where the concept of NFT was born, giants of the traditional auction industry have seen the great potential of NFT in the future financial field. UK EARL INTERNATIONAL AUCTION LTD has reportedly spent US$50 million to acquire REVA and has incorporated REVA, a Metaverse startup, into its wholly owned subsidiary, responsible for NFT auctions, collecting and related auction 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 immeasurable 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 originality, rarity, ownership and stability of assets in geopolitical and financial fluctuations. These unique financial attributes are great potential and an exciting place to change the world of collectibles. As an NFT practitioner, REVA Broker Mortgage Auctions have worked to improve the intrinsic value and standardization of NFT. At the same time, the value of REVA’s own has also increased and the valuation is expected to reach $2 billion. The original objective 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 environment.
This is not investment advice. Please do your research when investing in a project.